Net Financing Needs

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In the contribution of Flanders to the Belgian Stability Program, the Flemish Government has committed to the return to a balanced budget in 2017. In the table below, there is an overview on the net financing needs of the Flemish Community, starting with the start of this government (2014).

The initial 2017 budget reached the anticipated budgetary balance for the first time, not taking into account the investment costs for the Oosterweel infrastructure nor the investments in hospital infrastructure that was built before the transfer of this authority in 2016.  With the initial 2018 budget outline, the budgetary balance objective of the Flemish Community  has been confirmed.  Apart from the Oosterweel infrastructure and the investments in hospital infrastructure, a correction has been made also for a settlement between the federal government and the Flemish Community that rectifies the surplus that was transferred by the federal government over the last three years relating to the Sixth State Reform. A fourth correction concerns the takeover of debt of Flemish municipalities by the Flemish Community of municipalities that voluntarily merge together. Since this improves the net financing needs of the Flemish communities, it is neutral for Flanders as a whole.


Net Financing Needs 2014-2018 (in million euro)

 

2014

2015*

2016

2017 BA

2018 BO

Financing needs (1)

-612

-367

-127

-71

-1.206

Oosterweel (2)

 

 

 

34

76

Hospital infrastructure before 2016 (3)

 

 

 

40

40

Takeover debt communities (4)

 

 

 

0

97

One-off settlement relating to State Reform (5)

 

 

 

0

1.005

Financing needs after corrections regarding budgetary balance objective (6=1+2+3+4+5)

-612

-367

-127

2

12