Dutch budget deficit in 2011 not as high as previously thought
Figures from the report show that the budget deficit over 2011 will decrease to 3.9 percent. The report will be released on Budget Day, which in the Netherlands is on the third Tuesday in September.
The Macro Economic Studies are predictions about the state of the economy made by cabinet financial experts. Their report was leaked to one of the Dutch commercial television channels. Sources in The Hague have confirmed the authenticity of the leaked figures.
The outgoing cabinet has drawn up a raft of austerity measures to a total amount of 3.2 billion euros. The intended measures include higher duties on tobacco as well as cutbacks in government personnel and in subsidies. Earlier, the 2011 budget deficit was predicted to be just over four percent.
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