In 2023, many ministries spent less than the budget; total of 4.5 billion euros. Not all plans could be implemented due to reasons such as labor shortage and delays in planned projects. A smaller number of Dutch people also applied for subsidies.
Finance Minister Kaag writes this in his Autumn Memorandum 2023, an overview of the 2023 budget that will be prepared in the autumn.
This does not mean that there is no more money left. Because less money (4.3 billion euros) flowed. There are various reasons for this, such as the decrease in tax and premium revenues.
Lower gas consumption
Economic growth has also been disappointing in recent months; People were consuming less, which meant less VAT was collected. Also less gas was used. Therefore, energy tax revenue decreased. The final summary of the 2023 budget will be published in a few months, that is, in May 2024.
Source: NOS
Emma Fitzgerald is an accomplished political journalist and author at The Nation View. With a background in political science and international relations, she has a deep understanding of the political landscape and the forces that shape it.
