One in seven households in the Netherlands is unable to raise 2 thousand euros within a month if an unexpected financial setback occurs, according to a study by Dutch central bank DNB. "This means that although the Dutch are generally known as a saving kind of people, about one million Dutch families are in a financially vulnerable position," the regulator said, AD reports.
A massive financial setback means that the Nethrelands is now facing a 1 billion euros budget deficit, instead of the previously declared 3.5 billion euros surplus, sources in The Hague told NOS.
According to NOS, healthcare and education did less well financiallly than expected. There were also financial setbacks in other areas.
The spring budget report will be discussed in the Council of Ministers today. More details are expected to be announced after the debate.