The Flemish Budget Minister Bart Tommelein presented a pluri-annual budget plan to the Flemish government on Friday. The plan will last until 2024. The Flemish budget remains balanced, which means around 995 million euros will have been saved up and put aside by 2024.
The Bourgeois government has made Flanders’ public finances healthier by saving 2 billion euros in its first two years. The budget has been balanced since 2017, meaning new investments are now possible again. The cost of Oosterweel, the road building project to help traffic in Antwerp, is still over-budget. The investment is being financed by a toll. The project will have cost 135 million euros by 2019.
With the 1.5 billion euros available, Flanders’ contribution to the Federal Tax shift and the current desire to guarantee security for future governments, Mr Tommelein says the next team will have around 1 billion euros to spend on new policies.