The last five databases
The Federal Planning Bureau (FPB) is an independent public agency. It draws up studies and projections on economic, social and environmental policy issues and on the integration of these policies within a context of sustainable development.
Frédérique Denil is an economist and a member of the ‘Public finances’ team. From 2006 to September 2015, she worked as an advisor at the Research Department of the FPS Finance, where she was responsible for analyses and forecasts in the area of public finances, in particular for the opinions and reports of the High Council of Finance. She is currently interested in public finance monitoring and, more broadly, macro-fiscal issues.
The European Commission released on 9 November 2022 a proposal to reform the framework for Member States' fiscal surveillance. The proposed new framework is based on risks to debt sustainability. For Belgium, which is highly exposed to these risks, it would imply a rapid and large-scale fiscal consolidation, and would be no less stringent than the fiscal rules previously in force and suspended since Covid-19. The proposal has not yet been adopted and still needs to be negotiated with the Member States.
The Ageing fund, which was set up in 2001 as an instrument to ensure the long-term sustainability of public finances, was abolished in 2016. Its abolition symbolises the transition from a strategy of pre-funding the budgetary cost of ageing, which dominated in the early 2000s, to a strategy based mainly on reforms to the socioeconomic model. The latter was initiated after the global financial crisis and has been firmly stepped up in recent years. This Planning Paper describes the economic and institutional factors behind the shift in sustainability policy, as well as the role of the various stakeholders: the governments of course, but also the High Council of Finance, the European authorities and the Federal Planning Bureau, which has produced long-term analyses and assessments over the past 25 years that have both reflected and helped to shape the pursued policy.