The European Commission gives Belgium a final date for budget plans
Brussels on February 11/ WAM/ The European Commission gave Belgium until mid -March to provide its budget plans for the coming years, a spokesman for the European Commission announced.
Belgium should have provided a structural plan for the budget, reforms and medium -term investments in September, but due to the ongoing negotiations on the formation of a federal government, Belgium requested a second postponement on December 26.
The Commission has now set the deadline for the middle of March, according to a message it sent to the Belgian government.
A commission spokesman said, “The limited additional delay in presenting the plan will not harm the quality of macroeconomic monitoring and budget discipline.”
The new deadline of the European Commission is given six weeks to assess the plans.
By the end of April, the Belgian government must inform the commission of the measures it takes to eliminate the excessive budget deficit.
The Belgium’s budget deficit is higher than the European Union threshold of 3 percent of GDP.
In the absence of the formation of a government in the country, a European reference path was created over a period of four years in November, which requires Belgium to eliminate the excessive deficit by 2027.
Pro/WAM.
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