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News

This section presents all the latest information related to the FPB, from the most recent studies, press releases and articles to publication notices, workshops and colloquia.

News (20)

2021

  • Bon vent: setting sail for a climate neutral Belgian energy system – Future Belgian offshore wind unravelled 18/10/2021  - Publications

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    This paper examines what role offshore wind can play in helping Belgium achieve climate neutrality by 2050. The Belgian Exclusive Economic Zone is limited and its exploitation for energy purposes cannot be extended indefinitely. Therefore, this paper looks at the development of joint hybrid offshore wind projects that both provide renewable energy capacity and can serve as interconnectors linking different countries. Two scenarios are defined and studied. They differ in the level of ambition for these hybrid hubs and the necessary electricity supply for a de-fossilised Belgian economy.

  • Consumer Price Index & Inflation forecasts 05/10/2021

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    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.

  • Net capital stock 20/09/2021  - Publications

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    Capital stock, available in the national accounts, provides information on the value at a given time of the assets accumulated in the economy. It is composed of different fixed assets and comes from the investment made by the different economic agents. 

  • Trend break needed to achieve all SDGs by 2030 15/07/2021  - Publications

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    What progress has Belgium made towards sustainable development? The assessment of 51 indicators for monitoring the Sustainable Development Goals (SDGs) of the UN shows that on current trends, few SDGs will be achieved by 2030. New policies will therefore be needed to achieve all these goals. These conclusions remain unchanged from those drawn in the ten assessments conducted since 2005.

  • Automated cars: utopia or dystopia? 12/07/2021  - Publications

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    While automated car driving may bring important benefits in terms of traffic safety, we should not be blind to other effects: full automation is likely to lead to increases in car traffic, mostly for transport that is not related to commuting. This is likely lead to further reductions in road speed in the areas that already suffer the most from the congestion.

  • The evolution of the risk of poverty in Belgium among the population under 60 years of age 04/06/2021  - Publications

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    The first part of this Working Paper discusses the main trends in Belgium regarding the risk of poverty, compared to those in the EU27 and neighbouring countries. A second part shows that the increase in the risk of poverty in the population under 60 years can be partly attributed to an increase in the concentration of the lack of paid work in certain households. Also, social security benefits and social assistance benefits are less and less successful in raising jobless households above the poverty threshold.

  • Business dynamism and productivity growth in Belgium 28/05/2021  - Publications

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    This paper considers the evolution in business dynamism and its potential link with productivity growth in Belgium. Statistics on business creation, the exit of enterprises and within-industry reallocation are presented. Data on Belgian firms, covering the period 2003-2017, are used for a decomposition of productivity growth. The paper provides robust indications of the substantial contribution of productivity growth of start-ups in the early years after entry.

  • Regional child benefit reforms – An impact analysis with the microsimulation model EXPEDITION 18/05/2021  - Publications

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    This Working Paper puts the policy choices made in the regional child benefit reforms into perspective. Using the microsimulation model EXPEDITION, the expected direct effects of these reforms on child benefit expenditure and income distribution are mapped out. Special attention is paid to the effects on the simulated poverty risk of (families with) children, as this was a shared concern during the reforms in the different regions.

  • Economic Policy Committee’s Ageing Working Group – Belgium: Country Fiche 2020 17/05/2021  - Publications

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    The Ageing Working Group was established in December 1999 by the Economic Policy Committee of the European Council ECOFIN. This working group is responsible for producing common budgetary projections on age-related public expenditure items. Each Member State calculates its long-term pension expenditure based on common assumptions.

    This report presents the Belgian pension projection 2019-2070 published in the “2021 Ageing Report”. These results will be used in the context of the “Fiscal Sustainability Report” of the European Commission that assesses the mid-term and long-term fiscal situation of Member states.

    It should be noted that the demographic and macroeconomic assumptions in the public pension expenditure projection of Belgium for the AWG are different from those retained in the national projection of the Study Committee on Ageing, as well as the scope of pension definition.

  • Belgium – excess mortality in 2020: 124,000 years of life lost 10/05/2021  - Publications

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    Excess mortality in 2020 is estimated at 16,000 deaths. These 16,000 people lost a combined 124,000 years of life, given their life expectancy, or an average of 7.7 years per person. These values seem to show that COVID-19 did not just cause the death of the most vulnerable people who, in the absence of the epidemic, would have died anyway in the next weeks or months.

  • Macroeconomic and fiscal effects of the draft National Recovery and Resilience Plan - Report to the Secretary of State for Recovery and Strategic Investments 28/04/2021  - Publications

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    The National Recovery and Resilience Plan details the use of the €5.925 billion allocated under the Recovery and Resilience Facility. The major part (88%) of the Belgian plan is directly intended to increase the capital stock of the Belgian economy through public investment and aid to private investment. In the short term, at the peak of the plan's stimulus effect, economic activity would be 0.2% higher than in the non-plan scenario. Although the stimulus is temporary, it has long-term effects due to the increase in the public capital stock and the support for R&D activities that improve the profitability of the capital stock of firms and encourage its accumulation. By 2040, GDP is still projected to be 0.1% above non-plan growth path. This estimate does not take into account the reform component of the plan, nor the broader recovery, investment and reform plans announced by the Regions and the federal government, nor the effect of foreign plans on the Belgian economy.

  • 2020-2070 2020-2070 demographic outlook - Reference and alternative scenarios 31/03/2021  - Publications

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    This publication presents the main results of the demographic outlook for Belgium: population, households, births, deaths, international migration and internal migration.  To show the sensitivity of the results to some assumptions, three alternative scenarios are analysed: one linked to the health crisis (Covid-19), another modifying the long-term mortality assumption and a last one adjusting the assumption on international emigration.

  • WP 02-21 : Analysis of the effect of the "first recruitments" measure on the survival of young businesses employing salaried staff 05/03/2021  - Publications

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    The "first recruitments"measure aims to promote employment while supporting small businesses and start-ups. The analysis shows that the measure has a positive but modest impact on the probability of survival of young businesses. Furthermore, the reinforcement in 2016 does not appear to have generated any additional benefit. On the one hand, these results imply that the strengthening of the measure does not address a genuine need on the part of the recipients. On the other hand, the reinforcement may have encouraged more employers to undertake a risky business activity.

  • Perspectives économiques 2021-2026 – Version de février 2021 26/02/2021  - Publications

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    Ce rapport constitue une contribution à la préparation du nouveau Programme de Stabilité et du nouveau Programme National de Réforme. Il reprend les principaux résultats de la version préliminaire des « Perspectives économiques 2021-2026 » dont la version définitive sera publiée en juin 2021.

  • To what extent can supporting carpooling reduce road congestion? 28/01/2021  - Publications

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    A policy mix of “stick” measures (generalised distance based road charge) and “carrot” measures (supporting carpooling) could induce an increase in the occupation rate of cars in Belgium from 1.44 to 1.50. This relatively modest increase can be explained by the relatively small share of trips for which an increase in the occupation rate is a realistic option, and by the inconveniences linked to the organisation of carpooling. Nevertheless, this policy mix can induce a notable improvement in the traffic situation during the peak periods in the regions that currently suffer the most from congestion.

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