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Kingdom of the Netherlands—Netherlands Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper for the Kingdom of the Netherlands—Netherlands underlies recent fiscal developments. Fiscal deterioration during economic slowdowns is not unusual and can be justified on economic grounds. Although the real spending ceilings were largely adhered to, procyclical elements embedded in the fiscal framework contributed to the structural fiscal deterioration. Sharp declines in the revenues from corporate profit taxes and social security contributions, as well as increases in social security spending, were largely responsible for the cyclical deterioration.

Suggested Citation

  • International Monetary Fund, 2004. "Kingdom of the Netherlands—Netherlands Selected Issues," IMF Staff Country Reports 2004/301, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2004/301
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=17736
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    References listed on IDEAS

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    1. Giuseppe Nicoletti & Stefano Scarpetta, 2003. "Regulation, productivity and growth: OECD evidence [‘A model of growth through creative destruction’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 18(36), pages 9-72.
    2. Mark Doms & Eric J. Bartelsman, 2000. "Understanding Productivity: Lessons from Longitudinal Microdata," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 569-594, September.
    3. Olivier Blanchard, 2004. "The Economic Future of Europe," Journal of Economic Perspectives, American Economic Association, vol. 18(4), pages 3-26, Fall.
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    Cited by:

    1. Guido Wolswijk, 2009. "The short- and long-run tax revenue response to changes in tax bases," Economics Bulletin, AccessEcon, vol. 29(3), pages 1960-1970.

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