The government has published the spring memorandum. The new budget includes plans for cuts, the first in a long time. Finance Minister Kaag today sent the spring memorandum to the House of Representatives. The cabinet speaks of “major challenges” and an “expansionary fiscal policy”.
Most important points
- There will be 22 billion euros for the residents of the earthquake area of ​​Groningen
- 1.3 billion euros will be earmarked for defining the Complementary Affair
- Municipalities and provinces will receive 1.3 billion euros from 2027 for “a stable, solid and sustainable financial base”
In the spring memorandum, the government writes that there are major budgetary setbacks due to “drastic events of the past year”. Here he refers to the measures taken to mitigate the effect of high energy prices. The support that the government gives to Ukraine in the fight against Russia is also invaluable. “Increased inflow of asylum seekers also leads to higher costs, and rising interest rate leads to higher spending on the national debt.”
The extra costs are covered, among other things, through unexpected benefits, such as a lower than expected student inflow and a lower pension expenditure. There is also money available that has been budgeted for, but not yet spent; the so-called ‘exhaustion’. “Furthermore, the government had to adopt a number of structural measures to arrive at a balanced package, such as ending the STAP budget and adjusting the personal budget.”
This message will be integrated later.
Source: BNR
Fernando Dowling is an author and political journalist who writes for 24 News Globe. He has a deep understanding of the political landscape and a passion for analyzing the latest political trends and news.
