THE NETHERLANDS
On 15 December 2021, a new
four-party coalition government was announced in the Netherlands, which promised
to break away from the traditional governmental focus on the small
state, paving the way for greater government expenditure. Included
in the coalition's new plans for spending is a
EUR35bn climate fund, to be built up over the next
10 years and EUR25bn to reduce
the Netherland's nitrogen emissions.
In March 2022, the central bank of the
Netherlands, made new projections regarding its economy. The
Dutch economy was expected to grow by 3.5 per cent
this year and next year by 1.5 per cent, with
inflation at 6.7 per cent and 2.8 per
cent respectively. However, due to the consequences of the
war in Ukraine and higher energy prices, the projections have been
revised to growth of 2.3 per cent this year and
0.5 per cent next year, with inflation rising to
9.5 per cent this year and falling to 3.4
per cent in 2023.
