The Rationale of Direct Debt


As a result of the ESA 2010 rules the Institute of National Accounts and Eurostat changed the consolidation perimeter of the Flemish Community in September 2014. The accounts, budget and debt of several institutions or alternative financing schemes had to be consolidated with the Flemish Community. As a result of this change the Flemish government decided to centralize the funding for some of these institutions. Here you will find different explanatory notes on the reasons for consolidation and the change in funding.