Yves Leterme’s (Flemish Christian democrat) team had aimed for a budget deficit of 3.6% of GDP.
However, Belgium’s 2011 budget deficit turned out to be 4%. Nevertheless, this is less than the 4.2% of GDP that had been predicted by some analysts last month.
The 2010 budget deficit was 4.1%. It even reached 5.8% of GDP in 2009.
This year the budget deficit must not exceed 2.8%, requiring a big effort from the government to keep the budget on track.
The 4% of GDP budget deficit for 2011 is slightly below the average for the countries of the Eurozone.