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Flemish budget in balance once more, without additional taxes
"Despite the economic crisis the 2014 budget will also be in balance”, claims Flemish Minister for Finance, Budget, Work, Spatial Planning and Sport, Philippe Muyters (N-VA). “And thanks to savings in our own operations we are able to create additional scope for restoring.”
It is also his fourth successive balanced Flemish budget, and without any additional taxes for citizens. There will even be additional available policy space and by 2020 the Flemish Government wants to spend EUR 166 million a year on improving the competitiveness of Flemish businesses. Moreover, there will be extra policy incentives to benefit educational infrastructure, the disabled sector and public works, for example.