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Themes

The FPB’s studies cover 11 main themes: Energy, Environmental economic accounts and analyses, International economy, Labour market, Macroeconomic forecasts and analyses, Public finances, Sectoral accounts and analyses, Social protection, demography and prospective studies, Structural studies, Sustainable development, Transport.

Public finances

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  • http://pubfin.plan.be

Twenty years of policy for the sustainability of Belgian public finances - From a strategy of pre-funding the costs of ageing to a policy of reforms of the socio-economic model [28/02/2019]

The abolition of the Ageing fund in 2016 symbolises the transition from a strategy of pre-funding the budgetary cost of ageing to a strategy based on reforms to the socioeconomic model. This Planning Paper describes the economic and institutional factors behind the shift in fiscal sustainability policy, as well as the role of the various stakeholders. It also reviews the long-term projections produced by the Federal Planning Bureau over the past 25 years.

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  • http://pubfin.plan.be

The Federal Planning Bureau (FPB) carries out various activities on the theme of public finances. The FPB produces medium- and long-term projections of the government’s accounts. It also studies and models the interactions between macroeconomic evolutions and public finances. Within the National Accounts Institute (NAI), the FPB assists in drawing up the government's account in the national accounting.

The FPB carries out various activities on the theme of public finances :

  • Within the National Accounts Institute (NAI), the FPB assists in drawing up the government's account in the national accounting. The integration of these accounts into the National Accounts allows the government's account to be compared with the accounts of the other macroeconomic actors (households, businesses, Rest of the World).
  • The FPB studies and models the interactions between macroeconomic evolutions and public finances. These models allow the impact of government decisions on the economy and the repercussions of the economic situation on the condition of public finances to be analysed. Public finance modelling is based on a detailed analysis of the budgets of the federal administration, social security and the Regions. It is also based on the study of the structure and evolution of public employment, compulsory taxes, institutional regulations for financial transfers between levels of government and determinants of public debt and interest charges.
  • The FPB draws up the "economic budget" (see the theme ‘Short-term forecasting and business cycle’). This provides the macro-economic short-term framework for drawing up and reviewing the budget by the competent authorities. It includes public finance elements which directly affect the economic parameters (public consumption, investments, indirect taxes, subsidies, etc.).
  • The FPB carries out detailed medium-term (5-year) forecasts of the evolution of public finances, on both the national and the regional level of government (see the theme ‘Forecasting and macroeconomic analysis in the medium term’).
  • The FPB carries out detailed medium-term (5-year) forecasts of the evolution of public finances for each Region within the framework of the HERMREG project. It does so in collaboration with the three regional institutions: SVR, BISA and IWEPS (see the theme ‘Forecasting and macroeconomic analysis in the medium term’).
  • The FPB explores very long-term possible evolutions of public finances. It also studies the issue of fiscal sustainability, both in the context of the European budgetary surveillance mechanisms and in connection with issues related to fiscal federalism (see the theme ‘Social protection, demography and forecasts’).

Methods and instruments

Apart from various databases, the following instruments are used:

  • The different "public finances" and "social security" modules of the macroeconomic models MODTRIM, HERMES and HERMREG;
  • The MALTESE modelling system - including the specific models it comprises - which allows the long-term evolutions of social expenditure to be simulated.

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Contact

  • http://pubfin.plan.be
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