Prior to the outbreak of the financial crisis in 2008 Belgium's
fiscal balances and debt ratios seemed to be on a firm
consolidation path. Today, however, Belgium is facing a major
budgetary challenge, albeit to a lesser degree than other European
countries. A proper understanding of the current situation and the
design of the most appropriate policy response always benefit from
an in-depth analysis of the recent past. This book offers that
closer look at the evolution of public finance in Belgium over the
decade 2000 2010.
The Return of the Deficit presents a collection of original
essays written by the best public finance scholars in Belgium. It
covers Belgium s macroeconomic environment, its budgetary policy,
changes to the tax system and social security, the evolution of
public expenditure, debt management, and fiscal federalism This is
the seventh volume in the authoritative History of Public Finance
in Belgium published under the auspices of the Belgian Institute of
Public Finance. It is introduced with a foreword by Herman Van
Rompuy, President of the European Council.
Contributors: K. Algoed, Office of the Minister of Budget,
Flanders; B. Cantillon, University of Antwerp; J. Deboutte, Public
Debt Agency; E. de Callatay, Bank Degroof; A. Decoster, University
of Leuven; F. Denil, Federal Ministry of Finance; G. De Smet,
Federal Ministry of Budget; M. Gerard, Catholic University of
Louvain-la-Neuve; N. Gilson, Catholic University of
Louvain-la-Neuve; J. Hindriks, Catholic University of
Louvain-la-Neuve; G. Langenus, National Bank of Belgium; G. Quaden,
University of Liege; R. Savage, Federal Ministry of Finance; J.
Smets, National Bank of Belgium; F. Thys-Clement, University of
Brussels; C. Valenduc, Federal Ministry of Finance; F.
Vandenbroucke, University of Leuven; A. Van de Voorde, Federal
Ministry of Finance; L. Van Meensel, National Bank of Belgium; H.
Van Rompuy, European Council"
General
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