The Dutch government has agreed a further $8 billion in budget measures to honor the European Union’s deficit ceiling next year, Finance Minister Jeroen Dijsselbloem told reporters on Tuesday.
The latest package has been under discussion for several weeks already, and details of the cuts will be presented on Sept. 17 in the 2014 budget.
The Netherlands has already implemented several rounds of spending cuts in an attempt to bring its deficit below 3 percent of economic output, inline with EU requirements and to protect its high credit-rating.
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Mingze Wu
centers on forex and macro-economic trends impacting the Asia Pacific region.
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