20 November 2012, 17:13

Belgium's govt approves measures to cut budget deficit

Belgium's govt approves measures to cut budget deficit

After more than a month of debates Belgium’ government has approved measures on cutting the budget by ¾ billion euros in 2013. According to Prime Minister Elio Di Rupo, this will help the government to reduce the country’s budget deficit to 2.15% of GDP.

Under the European Stability Pact the budget deficit should not exceed 3%.

The measures will help Belgium to meet the European Commission’s demands without taking steps which are unpopular among the population.

The Belgian authorities will keep the readjustment of wages. The redundancies in public sector will be carried out not by conduicting lay-offs. The employers will simply stop hiring new people instead of those who retired.

Voice of Russia, TASS

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