The dutch Government budget surplus up to 1.5% in 2018

3/28/2019 CBS Economy

The Dutch government achieved an 11 billion euro budget surplus in 2018, equivalent to 1.5 percent of gross domestic product (GDP).
Government debt declined, just as in previous years, and stood at 52.4 percent of GDP by the end of 2018. Statistics Netherlands (CBS) reports this on the basis of new figures on public finances.
The government balance and government debt are the most important government finance indicators.
The European Union’s standards in this regard are to keep to a maximum deficit to GDP ratio of 3 percent and a maximum debt ratio of 60 percent of GDP. Since 2013 , the Netherlands has not breached the 3 percent deficit ceiling. In 2018, the Dutch government achieved a budget surplus for the second consecutive year.
During the presentation of the Budget Memorandum for 2019, the Ministry of Finance assumed a surplus of 0.8 percent of GDP. The realised surplus of 1.5 percent is considerably higher. Government debt dropped below the European ceiling in 2017.
After reaching a high in 2014 (67.9 percent), it stood at 52.4 percent at the end of 2018, totalling more than 405 billion euros or over 23 thousand euros per capita.