The Return of the Deficit
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Book 1
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Book 1
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Home > Business and Economics > Finance and accounting > Finance and the finance industry > Public finance and taxation > The Return of the Deficit: Public Finance in Belgium over 2000–2010
The Return of the Deficit: Public Finance in Belgium over 2000–2010

The Return of the Deficit: Public Finance in Belgium over 2000–2010


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About the Book

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

Table of Contents:
Table of contents Foreword Herman Van Rompuy Introduction Belgium on the eve of the great sovereign debt crisis Etienne de Callataÿ 1. The European context Evolving governance in the EU : from the SGP to hell and back? Guy Quaden, Jan Smets, and Geert Langenus 2. Overview Main Developments in Public Finance Maud Nautet and Luc Van Meensel 3. The fiscal stance The return of the public budget deficit Reginald Savage 4. Tax revenue and tax policy A decade of tax cuts André Decoster, Marcel Gerard, and Christian Valenduc 5. Approaches to primary expenditure 5.1 The structure of expenditure of the Regions and Communities: a comparison 2002-2011 Valérie Schmitz, Bastien Scorneau, and Robert Deschamps 5.2 Trends in public employment in Belgium Stefan Van Parys and Luc Van Meensel 5.3 The practice of performance contracting by Belgian governments: re-considering the control of autonomous agencies Koen Verhoest 5.4 Measuring and managing public performance Jean Hindriks 6. Social Security The active welfare state: A Stylised Retrospective Frank Vandenbroucke, with Kim Lievens 7. Indebtedness Interest payment and public debt Natacha Gilson and Jean Deboutte 8. Fiscal federalism The Transition to a New Model of Fiscal Relations Koen Algoed and Frédérique Denil Conclusion Françoise Thys-Clément Annex 1: Presentation of the Belgian Institute of Public Finance Aloïs Van de Voorde Annex 2: Statistical overview Maud Nautet and Luc Van Meensel Annex 3: List of contributors

About the Author :
Etienne de Callatay is chief economist at Bank Degroof and visiting professor at the Catholic University of Louvain-la-Neuve (UCL) and at the University of Namur. Francoise Thys-Clement is Emeritus Professor of Public Finance at the University of Brussels (ULB) and Honorary President of the Belgian Institute of Public Finance. Herman Van Rompuy is President of the European Council.

Review :
Begrotingsbeleid in België tussen 2000 en 2010. Een verloren decennium? Blog Bank Degroof, Donderdag 24/01/2013 - door Etienne de Callataÿ, Hoofdeconoom La politique budgétaire en Belgique entre 2000 et 2010: une décennie perdue? Blog Banque Degroof, Lundi 21/01/2013 - par Etienne de Callataÿ, Economiste en chef


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Product Details
  • ISBN-13: 9789058679239
  • Publisher: Leuven University Press
  • Publisher Imprint: Leuven University Press
  • Height: 239 mm
  • No of Pages: 328
  • Returnable: Y
  • Weight: 907 gr
  • ISBN-10: 9058679233
  • Publisher Date: 08 Jan 2013
  • Binding: Paperback
  • Language: English
  • No of Pages: 328
  • Sub Title: Public Finance in Belgium over 2000–2010
  • Width: 160 mm


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