Nov. 4 (Bloomberg) -- Belgium’s regional governments should run budget surpluses by 2015 or risk putting the country’s social security in question, National Bank of Belgium Governor Luc Coene said in a radio interview.
A recent overhaul of the rules governing the distribution of tax revenue will leave the country’s federal government to shoulder most of the additional expenses due to an aging population, making regional budget surpluses a condition for Belgium to reach its goal of a budget surplus in 2015, Coene said today on VRT-Radio 1.
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