Belgium: Selected Issues

Belgium: Selected Issues
ISBN-10
1451803192
ISBN-13
9781451803198
Series
Belgium
Category
Business & Economics
Pages
58
Language
English
Published
2004-02-27
Publisher
International Monetary Fund
Author
International Monetary Fund

Description

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.

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