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The Federal Planning Bureau (FPB) is a public agency. The FPB makes studies and projections on economic, social and environmental policy issues and on their integration within the context of sustainable development. For that purpose, the FPB collects and analyses data, explores plausible evolutions, identifies alternatives, evaluates the impact of policy measures and formulates proposals. Government, parliament, social partners and national and international institutions appeal to the FPB's scientific expertise. The FPB provides a large diffusion of its activities. The public is informed of the results of its research activities, which contributes to the democratic debate.

News

  • Progress towards de UN Sustainable development goals, Assessment 2016 (29/06/2016)

    The Federal Planning Bureau publishes today the 2016 Assessment of its sustainable development indicators. Based on a preliminary set of 31 indicators, it provides a first monitoring of the implementation of the 17 Sustainable development goals (SDG) adopted by the UN in September 2015. This assessment shows that in many areas, further efforts are needed to achieve the objectives of sustainable development by 2030.

  • La contribution des jeunes entreprises à l’emploi et à la productivité en Belgique (24/06/2016)

    Le Bureau fédéral du Plan participe à un certain nombre de projets coordonnés par l’OCDE dans lesquels, sur base des données d’entreprise, la dynamique de l’emploi et de la productivité au niveau des branches d’activité est comparée entre pays. Ces projets mettent en lumière le rôle des jeunes entreprises et la diminution structurelle de l’entrée de nouvelles entreprises. Étant donné l’importance des jeunes entreprises, cette diminution peut expliquer une partie du ralentissement du taux de croissance de la productivité dans les pays de l’OCDE.

  • Around 1.5% growth for the Belgian economy over the period 2017 to 2021, sustained job creation but limited reduction in the public deficit (21/06/2016)

    According to our “Economic Outlook for 2016-2021” , Belgian economic growth is expected to rise from 1.2% in 2016 to 1.5% per year on average over the period of 2017 to 2021. Employment is assumed to increase at a sustained pace (creation of more than 38 000 jobs per year on average over the 2016-2021 period).  The fiscal deficit is forecast to increase from 2.5% of GDP in 2015 to 2.8% in 2016, to decline to 2.2% of GDP in 2017 and subsequently to remain almost stable. The economic weight of general government, in particular with regard to employment, should be declining.

  • Belgian economic growth should amount to 1.2% in 2016 and 1.5% in 2017 (09/06/2016)

    In accordance with the law of 21 December 1994, the National Accounts Institute (NAI) has communicated the figures of the economic budget to the Minister of Economy. These macro-economic forecasts are part of the preparation of the 2017 budget.

  • Offres d'emploi (08/06/2016)

    Dans le cadre de ses nouvelles missions relatives au chiffrage des programmes électoraux, le Bureau fédéral du Plan recrute 7 experts dans les domaines de la fiscalité, des finances publiques, de la sécurité sociale, de l’économie du travail, de l’économie des transports et de l’informatique.

  • Consumer Price Index & Inflation forecasts (07/06/2016)

    Monthly evolution of the consumer price index and of the so-called health index, which is used for the price indexation of wages, social benefits and house-rent.

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Consumer price index & Inflation forecasts

Monthly evolution of the consumer price index and of the so-called health index, which is used for the price indexation of wages, social benefits and house-rent. (Last update : 07/06/2016)

Indicators

To evaluate the current state of the Belgian economy, the FPB regularly updates a series of indicators. The indicators concern the macro-economic stance of the economies of Belgium, its three neighbouring countries and the euro area, as well as the transport industry.(Last update : 29/06/2016)

  • Analyses of the interregional input-output table for the year 2010 (29/04/2016)

    This working paper presents two analytical applications based on the interregional input-output (IO) table for Belgium for the year 2010. The Federal Planning Bureau constructed this table in 2015 in cooperation with the statistical authorities of the country’s three Regions (IBSA, SVR and IWEPS). The following standard IO analyses based on applying the Leontief model to the interregional IO table are presented here: the derivation of multipliers for each region and the estimation of regional value added and regional employment generated by domestic final demand and exports.

  • Improving the Stability and Growth Pact by integrating a proper accounting of public investments: a new attempt (21/01/2016)

    Improving the functioning of the Stability and Growth Pact (SGP) is back on the agenda, especially as the decline in public investment resulting from fiscal adjustment processes implemented according to the current Pact rules is seen as a brake on future economic growth. When discussions about a Pact revision in 2005 were under way, several major authors (for instance: Blanchard and Giavazzi in CEPR February 2004) suggested reverting to a golden rule under which the deficit would exclude investment expenditure, net of amortization. The Pact was revised in 2005 but this proposal was not adopted. This paper presents a new attempt to integrate a proper accounting of investment into the Pact by modifying the formula of the MTO (Medium Term Objective for the budget balance), without losing the other dimensions of the present formula: the partial provisioning of the so-called cost of ageing and the accelerated debt reduction for highly indebted countries. In this way, the public investment programme becomes a centrepiece of the structural policy of a government and not the first instrument of a cyclical policy.

  • The relationship between unemployment duration and education - The case of school leavers in Belgium (05/01/2016)

    In this study, we investigate the exit rates from unemployment associated with different levels of education in Belgium during two periods characterised respectively by high (2002-2007) and low economic growth (2009-2014). Our estimated exit probabilities confirm that the chances of leaving unemployment are substantially higher for young unemployed who have followed post-secondary education. Moreover, the probabilities of leaving unemployment for low- and medium-skilled school leavers considerably deteriorated between the two periods. On the one hand, the penalty associated with lower education slightly increased while, on the other hand, the advantage associated with postgraduate tertiary education reinforced itself. Finally, our results show considerable heterogeneity according to region of residence and gender.

  • Fuel excise reform in Belgium - Long term effects on the environment, traffic and public finance (08/12/2015)

    This paper seeks to analyze the long term effects on traffic, environmental quality and public finance of the planned reform of fuel excise duties in Belgium. In the framework of a large scale tax reform, the Belgian federal government will implement an equalization of diesel and petrol excise rates over the 2016-2018 period.

  • An estimation method for the cyclical and structural components of the variation in the debt ratio (09/11/2015)

    This study presents a method for decomposing the annual variation of the debt ratio among the cyclical, structural and one-off components, thus making it possible to identify the structural conditions for a positive or negative snowball effect. The study shows that the cyclical component may be significant and, depending on the year, partially hide the structural component of the endogenous debt development. The method differs from the European Commission method for estimating a cyclically-adjusted debt. Compared with it, our method estimates a cyclical component that is better correlated with the level and variation of the output gap. Finally, the study discusses the advisability and feasibility of taking into account equilibrium inflation and interest rate in the approach.

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