Belgium: Staff Report for the 2011 Article IV Consultation

March 20, 2012

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Format: Chicago

Belgium: Staff Report for the 2011 Article IV Consultation, (USA: International Monetary Fund, 2012) accessed November 21, 2024

Summary

This 2011 Article IV Consultation reports that the vulnerability of Belgium’s sovereign debt to market pressures makes credible medium-term fiscal consolidation a priority. The 2012 budget includes sizable consolidation measures, and the government is committed to take additional measures as needed with the aim of reaching structural balance by 2015. In light of the weak growth prospects, automatic stabilizers should be allowed to operate freely around the consolidation path. There is a need to strengthen banking supervision and to implement the Basel III and Solvency II regulatory frameworks.

Subject: Banking, Economic sectors, Employment, Financial sector, Fiscal consolidation, Fiscal policy, Labor, Potential output, Public debt, Revenue administration

Keywords: Article IV consultation staff report, Banking sector, Budgetary fund, CR, Dividend, Employment, Europe, Financial market, Financial sector, Fiscal consolidation, Global, Ing Belgium, ISCR, KBC, Real GDP

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/055
Stock No:

1BELEA2012001
ISBN:

9781475502381
ISSN:

1934-7685

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