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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.
The last five press releases [More]
- Après s’être contractée de 6,2 % l’an dernier, l’économie belge devrait partiellement se redresser et afficher une croissance de 4,1 % en 2021
De Belgische economie zou zich met een groei van 4,1 % in 2021 gedeeltelijk herstellen van de krimp met 6,2 % vorig jaar11/02/2021 - Santé mentale en Belgique: les coûts cachés de la Covid-19
Geestelijke gezondheid in België: de verborgen kosten van COVID-1922/01/2021 - L’économie belge devrait se contracter de 7,4 % en 2020 puis se redresser partiellement en 2021 (6,5 %)
De Belgische economie zou in 2020 krimpen met 7,4 % en zich in 2021 gedeeltelijk herstellen met een groei van 6,5 %10/09/2020 - Perspectives régionales à l’horizon 2025 : après la récession de 2020, une reprise économique forte mais partielle dans les trois régions
Regionale vooruitzichten tot 2025: Een sterk maar gedeeltelijk economisch herstel in de drie gewesten na de recessie van 202017/07/2020 - L’activité économique, l’emploi et les finances publiques belges garderont des séquelles de la crise du coronavirus pendant plusieurs années
De coronacrisis zal nog jaren wegen op de Belgische economische activiteit, de werkgelegenheid en de overheidsfinanciën23/06/2020
The last five databases [More]
The last five publications [More]
- Perspectives économiques 2020-2025 – Mise à jour de septembre 2020
Economische vooruitzichten 2020-2025 – Actualisering van september 2020 07/10/2020 - Budget économique - Prévisions économiques 2020-2021 (Septembre 2020)
Economische begroting - Economische vooruitzichten 2020-2021 (September 2020) 07/10/2020 - Perspectives économiques régionales 2020-2025
Regionale economische vooruitzichten 2020-2025 17/07/2020 - Crise sanitaire et ses séquelles à moyen terme : pourquoi les finances de l’entité II s’en sortent-elles mieux que celles de l’entité I ?
Gezondheidscrisis en de naweeën ervan op middellange termijn: waarom hebben de financiën van Entiteit II die beter doorstaan dan die van Entiteit I? 14/07/2020 - Perspectives économiques 2020-2025 – Version de juin 2020
Economische vooruitzichten 2020-2025 – Versie van juni 2020 23/06/2020