Ex-Dutch finance minister criticises budget

16th September 2008, Comments 0 comments

The former Dutch finance minister says the government’s budget for 2009 is ill-advised.

16 September 2008

THE HAGUE -- Former Dutch finance minister Gerrit Zalm says the government's budget for 2009 is ill-advised.

Basing his findings on budget leaks in Saturday's edition of the NRC Handelsblad, Zalm claims a change in tax plans will lead to a EUR 2.5 billion shortfall.

He warned that the situation could lead to tax increases later, and predicted an increase in government spending of 13 percent in the next two years. He says it would be better to lower spending to cover the tax reductions.

[Radio Netherlands / Expatica]

To know more about the budget leaks, read Budget Day: Tuesday? Or Saturday?

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