Belgium (Brussels Morning Newspaper) – Belgium’s money will go up slowly each year from 2025 to 2029 because people are buying more things. But the government might spend more than it has because pensions and healthcare costs are going up.
Belgium‘s money will increase slowly each year from 2025 to 2029 because people are buying more things.The government might spend more than it has because pensions and healthcare costs are going up. The government will also owe more money due to interest on loans which will be a bigger issue in the future.
How will Belgium’s economy and government finances fare in the coming years?
Belgium’s government money situation will get worse in the next two years. They say pension money will go up by 2.7%, healthcare money by 3.2% each year from 2025 to 2029 and sickness and disability money by 2.3% each year. People’s money will be worth more each year from 2026 to 2029 about 1.4% more each year. They will also get more social benefits increasing by 2% every year. But taxes on household money will go up by 2.1% each year which might lessen the benefits of having more money and social benefits. People will spend a bit more each year until 2029 about 1.5% more. Even though they are spending more they will save more money compared to before the pandemic.It has been said that they are being more careful with their money or focusing more on saving even though they have more to spend.
