AFP — After a ride to parliament in golden carriage, Dutch king declares end to welfare state
Mike Norman Economics 2013-09-19
The Dutch government heralded the end of the welfare state on Tuesday as the fifth-largest eurozone economy presented an austerity-driven budget for 2014.
“The classic welfare state is slowly but surely turning into a society of participation,” King Willem-Alexander told parliament, laying out the Liberal-led government’s plans for the year.“It is asked of all those who can to take responsibility for their own life and that of those around them,” the king said in the speech written by Prime Minister Mark Rutte....
The austerity measures will reduce Dutch households’ purchasing power by 0.25 percent in 2014, but at the same time bring the public deficit down to 3.3 percent of gross domestic product (GDP).
The Netherlands’ Central Planning Bureau (CPB), whose predictions the government uses to draw up its budget, said in June that without the additional measures the deficit would rise to 3.9 percent of GDP next year.
European Union rules mean that the Dutch deficit cannot be over 3 percent of GDP. It was 4.1 percent in 2012.
The budget announcement came with the government in free-fall in opinion polls.
The Raw Story
Agence France-Presse