The budget balance in relation to the GDP in Belgium was forecast to continuously decrease between 2024 and 2029 by in total 1.2 percentage points. According to this forecast in 2029, the budget balance will have decreased for the fifth consecutive year to -5.58 percent. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.
Find more key insights for the budget balance in relation to the GDP in countries like Netherlands, Luxembourg and France.
Belgium: Budget balance between 2019 to 2029 in relation to GDP
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IMF. (April 22, 2024). Belgium: Budget balance between 2019 to 2029 in relation to GDP [Graph]. In Statista. Retrieved October 14, 2024, from https://www.statista.com/statistics/328983/belgium-budget-balance-in-relation-to-gdp/
IMF. "Belgium: Budget balance between 2019 to 2029 in relation to GDP." Chart. April 22, 2024. Statista. Accessed October 14, 2024. https://www.statista.com/statistics/328983/belgium-budget-balance-in-relation-to-gdp/
IMF. (2024). Belgium: Budget balance between 2019 to 2029 in relation to GDP. Statista. Statista Inc.. Accessed: October 14, 2024. https://www.statista.com/statistics/328983/belgium-budget-balance-in-relation-to-gdp/
IMF. "Belgium: Budget Balance between 2019 to 2029 in Relation to Gdp." Statista, Statista Inc., 22 Apr 2024, https://www.statista.com/statistics/328983/belgium-budget-balance-in-relation-to-gdp/
IMF, Belgium: Budget balance between 2019 to 2029 in relation to GDP Statista, https://www.statista.com/statistics/328983/belgium-budget-balance-in-relation-to-gdp/ (last visited October 14, 2024)
Belgium: Budget balance between 2019 to 2029 in relation to GDP [Graph], IMF, April 22, 2024. [Online]. Available: https://www.statista.com/statistics/328983/belgium-budget-balance-in-relation-to-gdp/