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Budgeting and Public Expenditures in OECD Countries 2019

image of Budgeting and Public Expenditures in OECD Countries 2019

This report provides a comprehensive view of practices and developments in the governance, implementation and performance of budgeting across OECD countries. It looks at recent practices such as the application of medium-term frameworks and the use of data and analytics to highlight the impacts of policies on concerns such as gender equality and the environment. Reflecting countries’ efforts to strengthen the insitutions supporting ficsal policy, the report also discusses trends in Parliamentary oversight, citizen participation, transparency, infrastructure governance and the management of fiscal risks.

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Budgetary Governance in Practice: Belgium

Belgium has made progress in implementing the structural reforms announced since the beginning of 2015, notably in the area of pensions, competitiveness and taxation. Against this background, economic growth increased in 2017 and is projected to stabilise at 1.7% in 2018 and 2019. Although private consumption was an important driver of growth in recent years, it is Government A national strategic investment pact is expected to support potential growth. and private investment that are now projected to support growth. Employment growth is projected to remain solid and lead to further declines in the unemployment rate, to 6.6% in 2019.

English

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