© Jimmy Kets
Income from registration fees will be 500 to 700 million euros lower in 2024. Flemish Finance Minister Matthias Diependaele (N-VA) said this on Thursday in De Tijd and Het Laatste Nieuws.
Today at 05:34
Due to the rise in interest rates, families are postponing the purchase of a home and project developers are waiting to invest. This has an effect on the income from registration fees. The deficit in the Flemish budget, previously estimated at 2 billion euros, is increasing further. The budget figures may be even worse due to a slowdown in growth and inflation.
With the figures in hand, Diependaele warns his coalition partners that they should not count on major additional expenditure when drawing up the budget. The message is mainly addressed to CD&V, which wants to invest hundreds of millions more in childcare. “That will be difficult. I also absolutely believe that more quality childcare is needed, but there must also be a willingness to reform the system.”
The worse figures and N-VA’s veto against large additional expenditures could complicate the budget exercise. With a successful September statement, Prime Minister Jan Jambon (N-VA) hoped to flush out this summer’s nitrogen debacle. CD&V has been insisting on investments in childcare for months.