Federal Planning Bureau
Documents (148)
2019
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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 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.
2018
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2018-2023 Budgetary Outlook for the federated entities 24/04/2018
This report presents a brief disaggregation of the budget balance of the sub-sector “communities and regions” that was published in the March 2018 “2018-2023 Economic Outlook”. The budget balances of the Flemish Community, the French-speaking Community, the Walloon Region and the Brussels-Capital Region are presented.
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Perspectives économiques 2018-2023 - Version de mars 2018
Economische vooruitzichten 2018-2023 - Versie van maart 2018 22/03/2018This report constitutes a contribution to the preparation of the new Stability Programme and the new National Reform Programme. It includes the main results of the preliminary version of the “2018-2023 Economic Outlook” to be published in June 2018.
2017
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Une approche macrobudgétaire stylisée pour simuler des trajectoires de finances publiques - Quelques enseignements pour la conduite de la politique budgétaire dans un référent exprimé en termes structurels
Een gestileerde macrobudgettaire benadering om trajecten voor de overheidsfinanciën te simuleren - Enkele lessen voor het voeren van het begrotingsbeleid in een referentiekader uitgedrukt in structurele termen 30/05/2017This study presents a compact model that allows a stylised, yet dynamic reasoning on the main macrofiscal aggregates that are relevant for setting budgetary paths compatible with the structural budget balance requirements of the preventive arm of the Stability and Growth Pact. Some lessons on the conduct of fiscal policy in a reference framework in structural terms can be learned from the simulations provided for illustrative purposes. These simulations show in particular that – under certain conditions relating to the degree to which the budgetary adjustments have a permanent effect on the economic activity and thus on potential GDP – when the feedback effects of adjustments on the underlying macroeconomic environment are left out of consideration, this can be detrimental to the credibility of the considered structural paths.
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Economische vooruitzichten 2017-2022 - Versie van maart 2017
Perspectives économiques 2017-2022 - Version de mars 2017 27/03/2017This report is an input to the preparation of the new Stability Programme and of the new National Reform Programme (NRP). It presents the assumptions and the main results of the preliminary version of the “Economic Outlook 2017-2022”. The final version of the outlook will be published in June 2017.
2016
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Effets retour nets pour la sécurité sociale des réductions du coût du travail décidées dans le cadre du tax shift sous l’hypothèse d’un relèvement des prélèvements fiscaux équivalent ex ante
Netto-terugverdieneffecten voor de sociale zekerheid van de arbeidskostenverminderingen zoals beslist in het kader van de tax shift in de veronderstelling van een ex ante equivalente verhoging van de fiscale heffingen 28/07/2016REP 11301
(mix),
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Budget économique - Prévisions économiques 2016-2017 (Juin)
Economische begroting - Economische vooruitzichten 2016-2017 (Juni) 09/06/2016Economic outlook 2016-2017 (June)
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La modélisation de l’impôt des personnes physiques dans les modèles macroéconomiques de court et moyen terme du BFP - Adaptation des modèles suite à la 6e réforme de l’État et au SEC2010 24/03/2016
Within the framework of the sixth state reform, part of the personal income tax has been regionalised. What’s more, in ESA2010, certain tax expenditures which were partly recorded as negative revenue in ESA95 are now recorded as general government expenditure. These changes motivate a revision of the personal income tax model which is used both for the short and medium term projections made by the FPB and for variant analyses. The new model makes a distinction between the “prepayment” tax (payroll tax and advance payments) and the “enrolment” tax (which fixes the amounts due under regional and local additional levies). It provides a better link to the macroeconomy and explicitly takes into account the schedule of tax enrolment.
Working Paper 04-16
(fr),
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