Flemish socialists present “well-being plan” of over 1.5 billion euros
Share article:
Share article:

Flemish socialists present “well-being plan” of over 1.5 billion euros

© Belga
© Belga

Reducing value-added tax (VAT) on electricity to 6% and increasing the minimum wage to 14 euros per hour are among key components of a “well-being plan” presented on Monday by Flanders’ Socialist Party-Differently (sp.a) as it launched its pre-campaign for the May 2019 elections. The plan’s estimated cost is over 1.5 billion euros, and the main concerns it addresses relate to social security and purchasing power. “For us, the elections have to do with the issue of care, pensions and an affordable life,” the Flemish socialists said. “We shall mount a programme that will have to ensure more security and a better distribution of wealth.”

In addition to the minimum wage hike and the VAT cut, the sp.a is advocating increases to the lowest allowances and pensions.

The bills required to bring about these changes have already been drafted and will be lodged in parliament, the socialist said.

Under the proposed plan, the well-being budget would be increased to 353 million euros. Lowering VAT on electricity would cost 712 million euros, while the increase in the minimum wage to 2,300 euros per month, coupled with a reduction in employers’ contributions for small and medium incomes, would require a budget of 500 million euros.

According to the sp.a, this plan is financially neutral since there is already a well-being provision in the budget of Prime Minister Charles Michel’s government. The remaining 1.2 billion euros should come from fiscal measures such as an end to tax eases for professional footballers and diamond operators, which should bring in 122 million euros.

Other measures provided for in the plan include limiting the fiscal advantages for financial holdings (324 million euros), applying the European directive on tax evasion (604 million euros), eliminating bank secrecy (150 million) and examining the shortcomings in the tax on securities accounts (121 million).


The Brussels Times

Latest news

Ruined photos from flood victims restored for free
Much of what victims of this summer’s deadly flooding lost is irreplaceable, but when it comes to photographs that were ruined, a Brussels company is ...
New Belgian video game aims to help children who stutter
A new video game by Belgian-American start-up Say It Labs aims to teach children with a stutter various techniques to improve their speech.  ...
More than 1 in 4 Belgians use mobile phones whilst driving
A recent European study into the use of mobile phones whilst driving highlights some alarming results: 26% of Belgians read or send messages on their ...
Belgium in Brief: Memories Of Masks
Belgium's experts are concerned with the rising coronavirus figures. One possible solution could be that, once again, masks are used more widely. ...
Museum Nights Fever returns to Brussels on Saturday night
After a break last year, Museum Nights Fever 2021 is back again with free visits to 32 museums hosting performances, music and other events. The ...
More than €1.5 billion injected into SNCB
More than €1.5 billion in additional funding has been injected into the Belgian railways, Federal Mobility Minister Georges Gilkinet told the House ...
Non-vaccinated applicants no longer welcome at ZNA hospitals in Antwerp
The Antwerp hospital group ZNA is only taking on new employees who have been vaccinated against the coronavirus, according to reporting from VRT. ...
Pharmacies prepare to administer more rapid antigen tests
From November, anyone presenting coronavirus symptoms for less than six days will be able to take a rapid antigen test in a pharmacy, announced the ...
Chocolate, Christmas, and cocaine
Do you consider yourself a news buff? Someone constantly on top of what's going on? Then maybe you have what it takes to ace The Brussels Times ...
Introduction of Covid Safe Ticket leads more in Brussels to get vaccinated
The introduction of the Covid Safe Ticket (CST) in the Brussels-Capital Region on 15 October seems to have led to a higher number of residents ...
More and more testimonies, and a second rally against sexual violence in Brussels
A second rally against sexual violence was held in the Brussels neighbourhood of Ixelles on Thursday evening, and a sister-rally was held ...
Over 1,000 Covid-19 hospitalisations for first time since early June
The number of patients hospitalised in Belgium as a result of the coronavirus has again exceeded 1,000, climbing to 1,032, according to figures ...