In order to reach this figure the Federal Government led by Charles Michel (Francophone liberal) has spent money extremely sparingly over the past few months. The Federal Government had originally wanted to limit the budget deficit to 2.5% of GNP.
This year’s target is lower still at 2%. If this is to be achieved a big effort will be required during the mini-budget in March. Some say that the government will need to as much as 1 billion euro in order to achieve its budget deficit target of 2% of GNP.