Kingdom of the Netherlands—Netherlands Selected Issues

September 22, 2004

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Kingdom of the Netherlands—Netherlands Selected Issues, (USA: International Monetary Fund, 2004) accessed November 21, 2024

Summary

This Selected Issues paper for the Kingdom of the Netherlands—Netherlands underlies recent fiscal developments. Fiscal deterioration during economic slowdowns is not unusual and can be justified on economic grounds. Although the real spending ceilings were largely adhered to, procyclical elements embedded in the fiscal framework contributed to the structural fiscal deterioration. Sharp declines in the revenues from corporate profit taxes and social security contributions, as well as increases in social security spending, were largely responsible for the cyclical deterioration.

Subject: Automatic stabilizers, Expenditure, Fiscal governance, Fiscal policy, Fiscal stance, Production, Productivity, Total factor productivity

Keywords: Automatic stabilizers, CR, Europe, Expenditure rule, Fiscal governance, Fiscal stance, ISCR, Netherlands, Productivity growth, Revenue elasticity, Spending ceiling, TFP growth, Total factor productivity

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/301
Stock No:

1NLDEA0022004
ISBN:

9781451829464
ISSN:

1934-7685

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