Transcript Country assessment of the Netherlands

Four groups of countries
Figure 1
Market Pressure
Fiscal recovery
Greece
France
Hungary
Japan
Ireland
Poland
Portugal
U.S.A.
Spain
Autonomous action
Estonia
Germany
Netherlands
NewZealand
Slovak Rep.
U.K.
Out of danger
Australia
Chile
Finland
Korea
Norway
Sweden
Switzerland
Announced Consolidation Plans Vary
Figure 2 Announced consolidation plans vary
% of GDP
24.0%
22.0%
20.0%
18.0%
16.0%
14.0%
12.0%
10.0%
8.0%
6.0%
4.0%
2.0%
0.0%
-2.0%
Consolidation Plans in 2009-10
Consolidation Plans in 2011-12
Consolidation Plans in 2013-15
Expenditure- versus revenue-based
measures
Figure 3
100%
80%
60%
40%
20%
0%
Expenditure
Revenue
Operating expenditure cuts
Figure 4
30
Number of countries
25
Operating expenditure measures specified:
20
15
10
5
0
Operating
expenditures
Wage cuts
Staff reductions
Reorganisation of
government
Redefining
standards
Major programme measures
Figure 5
20
18
Number of countries
16
14
12
10
8
6
4
2
0
Major Revenue Measures
Figure 6
20
18
16
Number of countries
14
12
10
8
6
4
2
0
Consumption
taxes
Tax
expenditures
Income taxes Tax on financial Social security
sector
tax
Non-tax
revenue
Improving tax
compliance
Property taxes
Fiscal balances need to be improved more
to achieve 60% debt-to-GDP ratios
Figure 7 Following announced consolidation from 2011:
remaining required improvement in underlying primary balance,
% of potential GDP
18.0%
16.0%
14.0%
12.0%
10.0%
8.0%
6.0%
4.0%
2.0%
0.0%
Remaining consolidation need
Consolidation Plans (2011-15)