Fiscal Federalism in Belgium: Challenges in Restoring Fiscal Sustainability - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Federalism in Belgium: Challenges in Restoring Fiscal Sustainability write by Yu Ching Wong. This book was released on 2023-03-02. Fiscal Federalism in Belgium: Challenges in Restoring Fiscal Sustainability available in PDF, EPUB and Kindle. Fiscal decentralization in Belgium progressed substantially in 2015-19. However, as decentralization of expenditure responsibilities continued to outpace decentralization of revenue authority, vertical fiscal gaps and greater reliance on transfers from shared resources may have reduced spending discipline. Consecutive shocks (pandemic, energy prices) have worsened the fiscal positions of all levels of government, requiring urgent and concerted effort to improve fiscal and debt sustainability. Fostering better fiscal policy coordination across all levels of government would improve the efficiency of Belgium’s decentralized fiscal framework. We recommend that fiscal adjustment at the subnational levels should be a part of the general government fiscal consolidation plan, with strict spending limits applying; integrating systematic spending reviews in the budgetary process; and adopting a more strategic, multi-annual fiscal framework to support adjustment. Implementing the 2013 Cooperation Arrangement—intended to provide fiscal rules to govern and coordinate public finances at all levels—is important. Also, the cost of overborrowing at the regional level should be fully internalized; recalibration of transfers could be considered; and some flexibility should be retained in the pace and scope of further decentralization. Finally, there is scope to improve the integration of fiscal sustainability objectives in federal and subnational structural reforms.
Fiscal Federalism in Belgium
Fiscal Federalism in Belgium - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Federalism in Belgium write by . This book was released on 2009. Fiscal Federalism in Belgium available in PDF, EPUB and Kindle.
Fiscal Federalism in Belgium
Fiscal Federalism in Belgium - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Federalism in Belgium write by Marcel Gerard. This book was released on 2009. Fiscal Federalism in Belgium available in PDF, EPUB and Kindle.
The Politics of Belgium
The Politics of Belgium - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Politics of Belgium write by Marleen Brans. This book was released on 2013-09-13. The Politics of Belgium available in PDF, EPUB and Kindle. For too long Belgium remained an unexplored terrain by comparative political scientists. Belgium's politics were best known through the writings of Arend Lijphart, who considered it a model case of consociationalism. Over the past ten to fifteen years, the analysis of consociationalism has been complemented by a more detailed coverage of Belgium's spectacular transformation process from a unitary into a federal state, moving rapidly now to disintegration. Likewise, several peculiar aspects of Belgian politics, such as the record fragmentation of its party system, have been covered in edited volumes or international journals. However, given the complexity of the Belgian configuration of political institutions and actors, any inclusion of particular aspects of the Belgian case in comparative work calls for an in depth and integrated understanding of the broader political system. This is the first book which provides such an analysis. It brings together a team of 19 political scientists and sociologists who aim to explain the dynamics and incentives of institutional change and seek to analyze the intricate interplay between the main institutional components of the Belgian body politic. The sociological, political and institutional determinants and the consequences of the "federalisation" process of Belgium is the central theme that links each of the individual chapters. This book will be essential reading for students who want to understand the politics of Belgium and for anyone with a strong interest in West European Politics, comparative politics and comparative federalism. This book was published as a special issue of West European Politics.
Belgium
Belgium - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Belgium write by International Monetary Fund. This book was released on 2003-03-04. Belgium available in PDF, EPUB and Kindle. This Selected Issues paper analyzes fiscal devolution in Belgium. It examines long-term fiscal strategies for meeting the fiscal burden of population aging. The paper presents estimates of the fiscal costs of population aging in Belgium, and discusses their sensitivity to underlying assumptions. Strategies for meeting the fiscal costs of aging are discussed. Specifically, a strategy of swift debt reduction is discussed to see what budget surplus would be needed to reduce debt and interest payments rapidly enough to finance these costs. Alternative policy options are also discussed to show the consequences of delayed fiscal adjustment.
