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Budget policy
The budget policy is, to put it simply, the way in which government handles spending and receiving money. At the start of the parliamentary term the cabinet concludes agreements on the public finances and the budget policy. The cabinet must thereby agree on the objectives on which one wishes to spend (extra) money and on the way in which the money required to that end is received. Is sufficient money received to incur all expenses or must money also be borrowed? In other words, does the cabinet accept a budget deficit and, if so, to what extent? Are cutbacks required to restrict the deficit, etc. The set of agreements on public finances constitutes the budget policy. Each cabinet lays down this and other agreements in a government agreement. During the parliamentary term these agreements are further implemented within that framework. Further decisions are taken with regard to public finances. For example, upon the annual composition of the national budget and the Budget Memorandum in which the government announces its plans for the following year and the ancillary price tags.
Current topic
Ageing and sustainability
Recommendations from a study group for fiscal policy advise the next
Cabinet to save 15 billion euro in order to deal with the problems of ageing and
keep government finances healthy.