European Commission warns Belgium about rising public spending

BRUSSELS, 15th November, 2024 (WAM) -- Without changed policies, Belgium risks its budget deficit rising to 4.9 per cent of GDP in 2025, the European Commission has warned in its new economic growth forecast.

Spending on pensions and social benefits continues to rise, as does interest expenditure to finance the national debt, which could climb to more than 105 per cent next year. Belgium and the other EU countrie