Kingdom of the Netherlands—Netherlands Selected Issues

1NLDEA0022004 Image
Price:  $15.00

Release Date: © September, 2004
ISBN : 978-1-45182-946-4
Stock #: 1NLDEA0022004
English
Stock Status: On back-order

Languages and formats available

EnglishFrenchSpanishArabicRussianChinesePortuguese
PaperbackYes
ePubYes
MobipocketYes

Description

This Selected Issues paper for the Kingdom of the Netherlands—Netherlands underlies recent fiscal developments. Fiscal deterioration during economic slowdowns is not unusual and can be justified on economic grounds. Although the real spending ceilings were largely adhered to, procyclical elements embedded in the fiscal framework contributed to the structural fiscal deterioration. Sharp declines in the revenues from corporate profit taxes and social security contributions, as well as increases in social security spending, were largely responsible for the cyclical deterioration.




More publications in this series: IMF Staff Country Reports