In 2016 Dutch government runs first surplus since financial crisis

In 2016 Dutch government runs first surplus since financial crisis

In 2016, the Dutch government ran a budget surplus of approximately 3 billion euros or 0.4%of GDP, its first surplus since the 2008 financial downtime, as Statistics Netherlands revealed on Friday.

The news might play a role in negotiations as Prime Minister Mark Rutte tries to organize a new centre-right coalition after March 15 elections, which saw support for current junior partner Labor reduced.

Potential partners in the new coalition are backing spending increases on healthcare as well as environment.

The CBS told that net debt edged down to 62.3% of GDP, following the surplus, which is close to the limit of 60% specified by eurozone rules.

The agency told that the shocking surplus came from an ascend in revenues after several years of accelerating surge, and not any spending restrictions.

Growth actually shows up in corporate taxes with a delay. It’s because losses from previous years are deducted from revenues, as the agency informed in a review of 2016.

Similar

USD Gains Momentum
USD Gains Momentum

The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!

Latest news

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

US Evades Default This Time
US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera