{"id":6242,"date":"2024-06-03T21:05:10","date_gmt":"2024-06-03T21:05:10","guid":{"rendered":"https:\/\/www.xolv.nl\/?post_type=nieuwsitem&#038;p=6242"},"modified":"2024-06-04T14:08:49","modified_gmt":"2024-06-04T14:08:49","slug":"the-state-of-the-dutch-economy","status":"publish","type":"nieuwsitem","link":"https:\/\/www.xolv.nl\/en\/nieuwsitem\/hoe-is-gesteld-met-de-nederlandse-economie\/","title":{"rendered":"How is the Dutch economy doing?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In the cabinet's spring memorandum, we fortunately also see positive developments. Outgoing minister van Weyenberg indicates that the Dutch economy is growing slightly and also government spending is less than budgeted, mainly because projects have been postponed due to staff shortages. These are the main concerns of the outgoing cabinet:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Intensify military and humanitarian aid to Ukraine<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">More money for recovery operation Surcharges<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">More money for microchip sector<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rising asylum reception costs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Long-term incentives for zero-emission cars<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Abolition of balancing scheme and additional energy tax for heavy industry delayed and to be compensated by increase in energy tax higher brackets and reduction in SME exemption<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The EMU balance will reach -2.5% of GDP in 2024, lower than estimated in the Budget Memorandum. In 2025, it will rise to -2.8%. EMU debt will then be 47.2% of GDP in 2024 and 49.3% of GDP in 2025.<\/span><\/li>\n<\/ul>\n<h2>Coalition agreement<\/h2>\n<p><span style=\"font-weight: 400;\">After long negotiations, a coalition agreement was recently presented. A number of things will start to change dramatically, although this will not happen overnight. The main points of the coalition agreement:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Halve excess in healthcare (not until 2027)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Promote labour market security by reducing charges on labour and making childcare virtually free<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">More grip on asylum, stricter rules for admission. Also tougher rules on labour migration and admitting non-EU students<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Intensify housing construction, limit rent increases and maintain mortgage interest deduction\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">130-kilometre limit on motorways back as far as possible<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Improve public transport in rural areas<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Secure survival of agriculture and fisheries, no shrinkage of livestock<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Climate policy and climate fund remain intact. Four nuclear power plants will be built.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Electric car subsidies to be scrapped by 2025<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Substantial cost cuts in civil servants, especially in hiring third parties<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tackling organised crime tightens, higher sentences for serious crimes<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">NATO standard of 2% should be made legal<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Coalition will cut \u20ac14.7 billion, offset by additional spending of \u20ac10 billion, ultimately a net cut of \u20ac4.7 billion.<\/span><\/li>\n<\/ul>\n<h2>Stimulating economy<\/h2>\n<p><span style=\"font-weight: 400;\">So a number of things are at odds with what the previous cabinet decided. Anyway, the elections have shown that the Netherlands wants a different course. In any case, it is good that there is a new government. That creates clarity and then decisions can be taken again. A number of measures will boost the Dutch economy. We are curious to see how the new policy will work out in practice.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>Reading the news, you sometimes get depressed about the many negative reports. Especially when it comes to the economy. Numerous doomsday scenarios pass by, but how are things really going?<\/p>","protected":false},"featured_media":6243,"template":"","onderwerp":[20],"class_list":["post-6242","nieuwsitem","type-nieuwsitem","status-publish","has-post-thumbnail","hentry","onderwerp-algemeen-economie"],"_links":{"self":[{"href":"https:\/\/www.xolv.nl\/en\/wp-json\/wp\/v2\/nieuwsitem\/6242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.xolv.nl\/en\/wp-json\/wp\/v2\/nieuwsitem"}],"about":[{"href":"https:\/\/www.xolv.nl\/en\/wp-json\/wp\/v2\/types\/nieuwsitem"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.xolv.nl\/en\/wp-json\/wp\/v2\/media\/6243"}],"wp:attachment":[{"href":"https:\/\/www.xolv.nl\/en\/wp-json\/wp\/v2\/media?parent=6242"}],"wp:term":[{"taxonomy":"onderwerp","embeddable":true,"href":"https:\/\/www.xolv.nl\/en\/wp-json\/wp\/v2\/onderwerp?post=6242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}