Hague ministries billions in the red

7th April 2011, Comments 0 comments

The Dutch cabinet is facing financial setbacks of up to two billion euros, according to a post by Finance Minister Jan Kees de Jager on his weblog today. He’s calling on his fellow ministers to find solutions within their own departments. 

Most affected by the setbacks are the Social Affairs and Health Ministries, who reportedly face deficits of one billion and 300 million euros respectively.   According to cabinet rules governing budgetary discipline, each department must keep its own finances in order, Mr De Jager says. He stresses that windfall revenues should be used not to plug department deficits but to pay off national debt.    The finance minister says “it’s important to put the setbacks into perspective: the national budget totals 250 billion in expenses and two billion euros is comparable to deficits of previous years.”      


© Radio Netherlands Worldwide

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