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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.
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Japan's average land prices managed to surge for the first time for 27 years in the year to July 1 because an influx of foreign tourists stimulated demand for shops and hotel properties…
US President Trump made a final decision concerning the US tariffs on Chinese imports…
The British pound tends to trade with high volatility as the Brexit deal remains cloudy. One day there’s a rumor of an agreement between Britain and the European Union and the next day it’s denied.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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