maandag 28 november 2011

Belgium to get new goverment soon, but nitro in a rollercoaster car will be more active

The budget talks are over here in Belgium, and a new budget was proposed, see more details later (as soon as we find out what exactly in it).

One thing for sure is that it contains 1/3 new direct taxes to the population, a bank tax and energy tax on the respective company. (From simelar situations in the past we know that the banks and the energy providers will just raise their prices making the consumer pay).

Their are few 'real' budget cuts, most of them are virtual purely accountancy budget cuts. Where by shifting number from one to another money is 'so-called' saved.
The real budget cuts are then also postponed untill 2016-2018, by the way new federal elections are in 2014 so these cuts could be reversed then.

In a nutshell, while in the rest of Europe the socialist parties are pushed/punished out of goverment, here they get in.Also where the only nation in the OESO zone that raises taxes instead of reforming  or doing massive budget cuts.

Going on how difficult the negociations about the budget went, with Di Rupo slowing things down, doing a lot of political theater and even calling in the king, we can conclude that this goverment will be as stable as nitro sitting in a rollercoaster car.

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