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    Eu Recomandari PT Belgia - 2014

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    Belgium made significant progress in reducing its deficit and exiting an excessive deficit procedure, reforming its pension system, and decreasing labour costs for some groups. However, challenges remain in sustaining public finances given high debt levels and aging populations, reforming taxation, monitoring risks in some banks, reducing wage-setting gaps, improving access to the labor market for disadvantaged groups, and increasing competition in some product and service markets. Belgium also needs further progress on resource efficiency in transport and buildings to meet emissions reduction targets.

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    Eu Recomandari PT Belgia - 2014

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    unu doi
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    Belgium made significant progress in reducing its deficit and exiting an excessive deficit procedure, reforming its pension system, and decreasing labour costs for some groups. However, challenges remain in sustaining public finances given high debt levels and aging populations, reforming taxation, monitoring risks in some banks, reducing wage-setting gaps, improving access to the labor market for disadvantaged groups, and increasing competition in some product and service markets. Belgium also needs further progress on resource efficiency in transport and buildings to meet emissions reduction targets.

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    Eu Recomandari Pt Belgia -2014

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    Belgium made significant progress in reducing its deficit and exiting an excessive deficit procedure, reforming its pension system, and decreasing labour costs for some groups. However, challenges remain in sustaining public finances given high debt levels and aging populations, reforming taxation, monitoring risks in some banks, reducing wage-setting gaps, improving access to the labor market for disadvantaged groups, and increasing competition in some product and service markets. Belgium also needs further progress on resource efficiency in transport and buildings to meet emissions reduction targets.

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    Download as PDF, TXT or read online from Scribd
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    5 views1 page

    Eu Recomandari PT Belgia - 2014

    Uploaded by

    unu doi
    Belgium made significant progress in reducing its deficit and exiting an excessive deficit procedure, reforming its pension system, and decreasing labour costs for some groups. However, challenges remain in sustaining public finances given high debt levels and aging populations, reforming taxation, monitoring risks in some banks, reducing wage-setting gaps, improving access to the labor market for disadvantaged groups, and increasing competition in some product and service markets. Belgium also needs further progress on resource efficiency in transport and buildings to meet emissions reduction targets.

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    of 1

    EU recommendations for Belgium 2011-2014

    Significant measures taken Remaining challenges on:


    and/or progress made on:
    Public finances Public finances
    - Deficit reduction exit from the EDP in 2014 - High public debt
    - Improvements in the fiscal framework - Long-term sustainability of public finances
    - Pension reform - Liabilities as a result of ageing
    Taxation Taxation
    - Decrease in labour costs for specific groups - Tax reform, including tax shift away from labour
    Financial sector Financial sector
    - Recapitalisation of the weakest banks - Monitoring of certain banks (high level of government
    - Reform of the supervisory framework contingent liabilities)
    Labour market/education/poverty Labour market/education/poverty
    - Narrower wage gap with neighbouring countries and - Wage-setting
    reduced gap for lower wage groups - Labour market access for disadvantaged groups
    - Increased job search assistance - Social inclusion of people with a migrant background
    - Reform of the unemployment benefit system - Labour market relevance of education
    - Reform of social security for older people

    Research and innovation


    - Support schemes for innovation
    Product and services markets Product and services markets
    - Strengthening of Competition Authority - Competition in retail and professional services
    Network industries
    - Increased competition in energy and telecommunication
    Resource efficiency
    - Transport and building: 15% reduction target for
    greenhouse gas emissions 1
    - Internal effort-sharing framework

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