Source Pravda.Ru

Belgian budget for 2006: early retirement age raised from 58 to 60

The Belgian government presented a balanced budget Tuesday for a sixth consecutive year and decided to raise the age of early retirement from 58 to 60 to meet the challenge of sustaining an aging population.

Under an agreement reached Tuesday, funds illegally invested abroad will be allowed to be transferred back without penalty for the first half of 2006. Fines will be progressively imposed later.

Combined with other taxes on some investment and insurance funds, the government is convinced the budget will stay out of the red. It based its budget projections on growth of 1.5 percent this year and 2.3 percent next year, the AP reports.

Prime Minister Guy Verhofstadt, who heads a government of liberals and socialists, told parliament he expects that business-friendly measures will create 29,000 jobs and help keep the unemployment rate at 8 percent, 0.7 percentage point below the EU average.

Government ministers held talks with management federations and trade unions before deciding to raise the early retirement age to make sure retirement costs remain within limits in the future. A.M.

Comments
North Korea is not a threat to the US
North Korea is not a threat to the US
Torturing Jerusalem with USA's help: No peace, but eternal war for Jews and Arabs
Tel Aviv, Jerusalem, capitals and puppets
North Korea is not a threat to the US
North Korea is not a threat to the US
North Korea is not a threat to the US
Putin: Russia will continue spending enough on defence not to be killed
Putin: Russia will continue spending enough on defence not to be killed
Putin: Russia will continue spending enough on defence not to be killed
North Korea is not a threat to the US
ISIS threatens to conduct large-scale terrorist attacks in USA for Jerusalem decision
North Korea is not a threat to the US
Donbass without militia will be worse than Srebrenica - Putin
Russia not pulling out from any international agreements, Putin says
USA to ruin Russian-Japanese relationship with the help of Aegis Ashore system
Putin to Sobchak: We will never let them turn Russia into another Ukraine
North Korea is not a threat to the US
Should Russian athletes go to non-Olympic Games in South Korea?
Russia on the eve of another Crimea referendum
Russia to install laser navigation system on the Moon