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Belgium; Selected Issues

International Monetary Fund

No 04/48, IMF Staff Country Reports from International Monetary Fund

Abstract: Belgium has effected a remarkable fiscal adjustment, best illustrated by the decline in its public debt. While benefiting from an appreciable decline in interest rates, most of the underlying consolidation reflected a considerable increase in the tax burden, one of the highest in the Organisation for Economic Cooperation and Development. This paper analyzes the social transfer system in Belgium. Belgium has a very accessible and equitable health care system. The system is characterized by high input levels and service volumes.

Keywords: Belgium; Article IV consultations; Economic conditions; labor market, labor market policies, labor supply, active labor market (search for similar items in EconPapers)
Date: 2004-02-27
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