| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2015) 252 final (13.5.15) |
| Publication Date | 13/05/2015 |
| Content Type | Policy-making |
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On 8 July 2014, the Council adopted a recommendation on Belgium’s National Reform Programme for 2014 and delivered its opinion on Belgium’s updated Stability Programme for 2014. On 28 November 2014, in line with Regulation (EU) No 473/2013, the Commission presented its opinion on Belgium’s draft budgetary plan for 2015. On 28 November 2014, the Commission adopted the Annual Growth Survey, marking the start of the 2015 European Semester of economic policy coordination. On the same day, on the basis of Regulation (EU) No 1176/2011, the Commission adopted the Alert Mechanism Report, in which it identified Belgium as one of the Member States for which an in-depth review would be carried out. On 26 February 2015, the Commission published its 2015 country report for Belgium. This assessed Belgium’s progress in addressing the country-specific recommendations adopted on 8 July 2014. The country report also includes the results of the in-depth review. The Commission’s analysis leads it to conclude that Belgium is experiencing macroeconomic imbalances which require policy action and monitoring. In particular, developments with regard to the external competitiveness of goods continue to present risks and deserve attention, as renewed deterioration would threaten macroeconomic stability. Further action to ensure the convergence of cost parameters would slow down the decline of employment in the tradable sectors, while tangible progress to narrow the historical cost gap could be reinforced by a tax shift towards non-labour tax bases. Public debt remains high, but several factors temper the associated macroeconomic risks. On 30 April 2015, Belgium submitted its 2015 National Reform Programme and its 2015 Stability Programme. To take account of their interlinkages, the two programmes have been assessed at the same time. |
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| Source Link | Link to Main Source http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2015:252:FIN |
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| Countries / Regions | Belgium |
