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Netherlands
Government Information :: Fiscal and Budgetary
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Budget rules
The government makes agreements on budgetary policy when it takes office. Budgetary policy is determined by the government’s expenditures and revenues plans and expected national and international economic developments over the next four years.
Prince's Day
In the Netherlands, Budget Day is known as Prinsjesdag or ‘Prince’s Day’, and is held on the third Tuesday in September. On this day, the King delivers the Speech from the Throne, officially opening the parliamentary year. The King’s speech contains the government’s key plans for the year ahead.
Budget Day
Budget Day (known as Prinsjesdag, or ‘Prince’s Day’), on the third Tuesday in September, is when the government announces its plans for the coming year. King Willem-Alexander travels in the Glass Coach to the Hall of Knights in The Hague. There he reads the Speech from the Throne, officially opening the parliamentary year.
Budget process
There are a number of fixed elements in the budget calendar, such as the Budget Memorandum and the National Financial Annual Report. The entire process takes about 2,5 years.
From a linear to a circular economy
The world population is growing and this is affecting the environment. To ensure there’s enough food, water and prosperity in 2050, we need to switch from a linear to a circular economy. That’s why the government has developed the Government-wide programme for a Circular Economy. The aim is to ensure healthy and safe living and working conditions, and cause less harm to the environment.
The need for a circular economy
There are 3 reasons why we need to switch to a circular economy: the increasing demand for raw materials, dependence on other countries, and the impact on the earth’s climate (CO2 emissions). Moving towards a circular economy also offers opportunities for businesses.
Encouraging a circular economy
The government is taking various measures to encourage the transition to a circular economy. For example, legislation and regulations are being changed and investments are made in businesses working towards a circular economy.
Transition to a circular economy
The government has selected 5 economic sectors and value chains that will be the first to switch to a circular economy. These 5 priorities are important to the Dutch economy and have a big impact on the environment. Much is already being done in these sectors to move towards a circular economy, both in the Netherlands and in Europe.
Financial institutions
The Netherlands is a shareholder in all the major international financial institutions, i.e. the World Bank, the IMF and the regional development banks. These institutions make an important contribution to global financial stability and to improving the standard of living in developing countries. Membership of these institutions enables the Netherlands to achieve certain foreign policy objectives, particularly in the field of development cooperation.
