Kingdom of the Netherlands—Netherlands: 2006 Article IV Consultation—Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

Volume/Issue: Volume 2006 Issue 283

Publication date: July 2006

ISBN: 9781451829549

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Topics covered in this book

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Business and Economics , Social Science , Finance , Economics- Macroeconomics , Public Finance , Demography , ISCR , CR , coalition government , data show , consumer spending , minority coalition government , economic development , government consumption growth , staff statement , staff appraisal , first quarter development , Mortgages , Fiscal governance , Pension spending , Global , Central and Eastern Europe , Asia and Pacific , Middle East , Europe

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Summary

The Netherlands showed economic recovery, supported by strong polices, public finances, and structural reforms. Executive Directors commended the strong fiscal framework and agreed that it meets the good practice standards according to the reports on the observance of standards and codes. They commended the sound financial system and welcomed the new Financial Supervision Act. They emphasized the need for fiscal consolidation for securing fiscal sustainability. Directors appreciated the authorities’ responsiveness to the recommendations of the Financial System Stability Assessment.