Updating the Economic Outlook 2011-2015

CPB has already published an analysis of the economic impact of this framework. The current Document is supplementary to this analysis. It provides more detail on public finance.

With real GDP rising by 1¼% annually, the government deficit is expected to drop from 5.8% of GDP in 2010 to 0.9% in 2015. This amounts to a drop of 27 bln euro. Health outlays are the strongest rising government outlays. Due to a drop in government outlays excluding health and social security, the total rise in government outlays is limited to 6½ bln euro between 2010 and 2015. As a consequence, government outlays as a percentage of GDP falls by 2.5%-point. Taxes and social security contributions rise by 29 bln euro (2.3% of GDP), of which 12 bln euro is due to policy.

This publication is in Dutch.