BRUSSELS: The Belgian government will need to find an additional 1.76 billion euros ($1.96 billion) to cut its structural deficit by 0.6 per cent this year and next, as tax revenue declined, the budget ministry said late on Thursday.
The budget targets are part of a stability programme agreed with the European Commission, which mandates that member states aim for a balanced budget and keep their deficits below 3 per cent of annual economic output.
The budget targets are part of a stability programme agreed with the European Commission, which mandates that member states aim for a balanced budget and keep their deficits below 3 per cent of annual economic output.
