Financial windfall for government

10th February 2005, Comments 0 comments

10 February 2005, AMSTERDAM — Having battled the trade unions in recent months about deep budget cutbacks, the Dutch government has found itself in the happy position of having to decide how to spend an additional EUR 680 million that has flowed into its coffers.

10 February 2005

AMSTERDAM — Having battled the trade unions in recent months about deep budget cutbacks, the Dutch government has found itself in the happy position of having to decide how to spend an additional EUR 680 million that has flowed into its coffers.

The extra revenue comes from the State's share of the proceeds from natural gas fields in the north of the country.

The price of natural gas is coupled to that for oil, a commodity that has commanded higher rates in recent months.

Finance Minister Gerrit Zalm told news agency ANP on Thursday that the money flowed automatically into a fund that is used for infrastructural projects.

The Cabinet is due to discuss on Friday how to use the money, on both roads and public transport, or to keep some back in case of unexpected financial shortfalls.

[Copyright Expatica News 2005]

Subject: Dutch news

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