What does their budget agreement mean for you?

On Saturday, after marathon talks, the six parties forming the new Belgian Government reached agreement on the 2012 budget and budgetary goals for the period until 2015.

11.3 billion euros' worth of measures mean that next year's budget deficit will be reduced to 2.8%, less than the European target. Savings measures are responsible for 42% of the savings' drive. A further 24% will be generated through fresh taxes with "other measures" making up the whole.

The present deal does not envisage any changes to the automatic linkage between public sector wages and benefits and the retail price index. The retirement age of 65 is not being increased either, but early retirement only becomes possible from the age of 62. Unemployment benefit will fall more significantly the longer you remain on the dole. Health expenditure will not be allowed to increase as fast as planned.

The deal does not introduce any new taxes on labour. Duty on cigarettes and alcohol will rise and there will be a greater clamp down on social and tax fraud.

A company car will become less attractive with the size of the car and its polluting effect being taken into account in the calculation. Service cheques that can be used to pay your clear or gardener will become more expensive in 2013.

Investors will pay more tax. Capital gains tax will be raised to 21%, though people making over 20,000 euros through investments will pay 25% on gains above this limit.

Businesses will have to pay tax on capital gains from share deals. There are changes to the share transaction tax. People who buy and sell a lot of shares in a short period of time, "speculators", will pay more too.

The deal does not envisage any fiscal amnesty for people who have kept their gains beyond the ken of the taxman, but some 30 million euros' worth of extra expenditure is planned on the police, the judicial authorities and the fire service.