IMF: Netherlands deficit shrinks further – AD.nl

IMF: Netherlands deficit shrinks further – AD.nl

Edited by: editorial
8-10-14 – 18:03 Source: Reuters IMF Christine Lagarde during topvrouw the publication of the IMF report. © epa.

The Netherlands government deficit shrinks in the coming years, while the debt will decline from 2015 onwards. That predicts the International Monetary Fund (IMF) in a report published today on the finances of the world’s richest countries.

The IMF expects the deficit next year dropped from 2.5 to 2 percent of gross domestic product (GDP), and further drops to 1 , 5 per cent in 2017 and 0.8 percent in 2019, the debt peaks according to the models of the Fund in 2015 to 69.6 percent of GDP. As of 2016, a decrease predicted that causes the debt in 2019 equal to more than 65 percent of the size of the economy.

According to the European rules, countries must reduce their deficits to a maximum of 3 percent, the its public debt less than 60 percent of GDP.

Other Countries

From left to right, the IMF top with Jacob Lew (treasury), Mauricio Cardenas (finance), Luis Alberto Moreno (bank president) and Christine Lagarde (director). © ap.

Japan has by far the highest debt all rich countries. The debt rising to 245.5 percent next year and continue in subsequent years, more than 240 percent.

Also in other countries, the IMF published the projected finances. Germany, for example, the next few years a small budget surplus means the country produces less than it receives in taxes. This surplus will double between 2015 and 2019 are expected to be 0.2 to 0.4 percent.

France recently gave itself to not be able to meet. The European deficit limit of 3 percent for 2017 The IMF expects followed suit and the French deficit this year and next by more than 4 percent true, and in 2016 dropped to 3.7 percent. For 2017, a gap of 2.9 percent predicted.

Greece has been able to reduce its deficit back. Recent years through massive cuts firmly 1.9 percent is the Greek deficit next year is expected therefore about as small as that of for example the Netherlands. In 2009 the Greek deficit was still running at nearly 16 percent.

175 percent of GDP, Greece still has by far the largest debt in the eurozone. That debt is expected to run in the coming years back to 135 percent. Italy also maintains a high debt of 137 percent this year. Which falls according to the IMF in 2019 to just over 125 per cent.

The shortage of USA drops next year from 5.5 to 4.3 percent, from a peak of 13.5 percent in 2009. In the coming years the deficit would decline to around 4 percent. The national debt is up to 106.5 percent in 2014, but then decreases to about 100 percent in 2019.

Japan has by far the most indebted of all rich countries. The debt rising to 245.5 percent next year and continue in subsequent years, more than 240 percent. The deficit of the world’s third-largest economy is shrinking next year from 7 to 5.8 percent, according to current knowledge in the four years thereafter to approximately 4.5 percent.

Tackling unemployment

IMF Christine Lagarde topvrouw. © epa.

In a speech about the publication of the report topvrouw IMF, Christine Lagarde stressed the need to unemployment to address further. If the euro countries half do what is necessary to achieve the level of countries with the best labor market, the economy of the euro area in 2019 to be about 3.5 percent larger than currently predicted, they are.

According to the IMF economic reforms that create more jobs must therefore cope with higher deficits of governments. temporarily associated In this way, the cost of the adjustments can be limited, so the support is increased, according to the IMF.