Almost half, 46 percent, of the Dutch population saw their purchasing power decrease last year, Statistics Netherlands reported on Thursday. The purchasing power developments varied considerably in 2017. For a fifth of the population, purchasing power decreased by at least 7 percent. Another fifth saw their purchasing power increase by 10.9 percent.
The government parties VVD, CDA, D66 and ChristenUnie reached an agreement on the budget for 2019 and agreements were made about how dividend tax will be abolished, the parties said after a final meeting on Thursday evening. The parties would give no details about their agreements. That will be presented on Budget Day, the third Thursday in September, NOS reports.
The Rutte III government needs to take measures to encourage purchasing power development, because employees otherwise benefit from economic growth only to a limited extent, Rabobank concluded in a study into wage developments. "While the Dutch economy grew by 2.9 percent last year, the collective bargaining wages only climbed 1.4 percent - only barely enough to rise above the 1.3 percent inflation", the bank said, NU.nl reports.
The Dutch economy will continue growing this year and next year, though a bit slower than expected, central planning office CPB said on Thursday. The CPB expects 2.8 percent growth in 2018 and 2.6 percent in 2019, instead of 2.9 percent and 2.7 percent as the office expected in June, NU.nl reports.
The Dutch economy will continue to grow strongly this year and next year, according to expectations announced by the Netherlands office for economic policy analysis CPB on Tuesday. Next year unemployment will drop to its lowest level since 2001, NU.nl reports.
Today is the last Budget Day for the departing Rutte II cabinet. In tradition and ceremony, the day is expected to look like every other Budget Day, with politicians decked out in fancy hats, the Royals arriving at the Ridderzaal in The Hague in a carriage and the famous balcony scene after the throne speech. But given the current VVD and PvdA government's departing status, no big news is expected in the budget. Big changes are left up to the new government.
The average purchasing power of Dutch increased by 2.7 percent last year, the strongest increase since 2007, Statistics Netherlands announced on Friday. Despite this, one in three Dutch saw their purchasing power decrease, NU.nl reports.
The increase can be attributed to a package of debt relief measures and an average of 1.8 percent increase in collective bargaining agreement wages, according to the stats office. The 0.3 percent increase in consumer prices, pushed purchasing power down somewhat.
The Dutch economy continues to grow steadily and its growth is expected to reach 3.3 percent this year, according to planning office CPB's estimate in its Macro Economic Exploration, which was published on Wednesday. If this estimate holds true, this will be the first time the Dutch economy grows by more than 3 percent since the outbreak of the economic crisis in 2007. In 2018 the gross domestic product is expected to grow by 2.5 percent, NU.nl reports.
The Dutch economy will grow by 2.4 percent this year and 2 percent next year, central planning office CPB expects in its latest estimation. In the previous estimation in March, the CPB expected 2.1 percent and 1.8 percent growth for 2017 and 2018 respectively, ANP reports.
Unemployment is expected to continue its decline, to 4.9 percent this year and 4.7 percent next year. The government finances also look healthy, with a surplus of 0.5 percent expected for this year and 0,7 percent for next year.
In the coming years the Dutch economy will continue to grow and the government will again have billions of euros in budget surplus, but the growth in purchasing power will slow, according to the Dutch central planning office CPB's latest estimate, NOS reports.
The Dutch economy will show solid growth again this year, though it will be weaker than in 2016, ING's Economic Bureau predicts in estimates published on Friday. The bank expects 1.6 percent growth this year, compared to 2.2 percent last year, ANP reports.
The Dutch economy and government finances are both in a much better state than expected a few months ago, according to Statistics Netherlands' December estimate. The Rutte II cabinet is expected to end its term without a deficit and the economy is reaching the level it was before the outbreak of the financial crisis in 2008, ANP reports..
The Statistics Netherlands accountants expect economic growth of 2.1 percent in 2017. That is the same level as this year, following a 2 percent growth last year. Three months ago 1.7 percent was expected for 2016 and 2017.
The government will not compensate people losing purchasing power if the health insurance premiums turn out to be higher than expected, Minister Jeroen Dijsselbloem of Finance said in a debate on the 2017 budget on Wednesday
The Dutch government is investing more money to help poor families, the elderly and partners of the chronically ill. The government is also pushing extra money into Defense, according to leaked Budget Day documents RTL Nieuws managed to get hold of.
The government is finalizing the 2017 budget for Prinsjesdag this afternoon. They plan to have everyone see an increase in purchasing power next year, averaging at a 1 percent increase, sources confirmed to RTL.
The Dutch cabinet wants to repair the purchasing power of elderly people and people living on welfare benefits, Minister Jeroen Dijsselbloem said on Friday. "We want the elderly and people depending on benefits to also come out above zero and not lag behind the rest of the Netherlands, Dijsselbloem said
The Central Planning Bureau expects that the Dutch economy will grow by 1.8 percent this year, according to an estimate released on Friday. This growth is the same as what the CPB predicted in March
Wage increases for Dutch employees was lower than was economically justified last year, according to a study by Dutch central bank DNB. The low salary increases put workers' purchasing power under pressure, which is damaging to the Netherlands' economy
The Dutch economy will grow an average of 1.8 percent per year in the period 2018 to 2021, according to the medium-term expectations of the Central Planning Bureau. Despite the economic growth, the CPB warns that Dutch households' purchasing power will not increase
Research office NBTC-NIPO thinks that Dutch people will go on vacation more often and spend more money on holiday this year. After several years of slight decrease and stabilization last year, the total number of holidays is expected to rise this year by around 2 percent
The Netherlands is emerging from the crisis stronger. Things are going better than expected, but still not good enough, according to Finance Minister Jeroen Dijsselbloem while presenting the Budget Memorandum to the Tweede Kamer, lower house of parliament. As per tradition, Dijsselbloem presented the Budget in the same briefcase his predecessor Lieftinck used to present the budget in 1946 after World War II. Dijsselbloem called the briefcase "a small symbol of recovery".
Pensioners were hit 6 times harder by the financial crisis than their working counterparts.
The Dutch economy will be slightly better than expected in 2015. The gross domestic product (GDP) is expected to grow by 1.5 percent. That is a slightly higher growth than the 1.25 percent that was expected in previous calculations.