Topic: Developed countries are driving huge deman
THE HAGUE [url=http://www.cowboysauthenticofficialonline.com/authentic-jourdan-lewis-jersey.html]Jourdan Lewis Cowboys Jersey[/url] , June 2 (Xinhua) -- The Netherlands is no longer subject to budget surveillance of the European Union after its budget deficit was sufficiently reduced to below 3 percent of gross domestic product (GDP), the European Commission stated Monday.
The Dutch government was subject to increased surveillance under the so-called excessive deficit procedure (EDP) for five years because its public finances were deemed not in order.
In 2009, the budget deficit peaked at 5.6 percent of GDP which was reduced to 2.5 percent of GDP in 2013.
With this reduction, the Netherlands has met the EU requirement earlier than planned in 2014. The European Commission projects that the general government deficit will reach 2.8 percent of GDP in 2014 and 1.8 percent of GDP in 2015.
In 2009, the Netherlands received three years to set things right. Ultimately, this period was extended by one year because economic growth in Europe was too slow.
Dutch Minister of Finance Jeroen Dijsselbloem stressed the importance of reducing the deficit further. "The European Commission has reaffirmed that the Netherlands is on the right track with getting rid of the budget deficit [url=http://www.cowboysauthenticofficialonline.com/authentic-chidobe-awuzie-jersey.html]Chidobe Awuzie Cowboys Jersey[/url] ," Dijsselbloem told Dutch broadcaster NOS.
"The expected 1.8 percent in 2015 cannot be our final goal. It is important to further reduce the deficit," he said.
The European Commission on Monday also recommended the EU close the EDP for five other countries: Austria, Belgium, Czech Republic, Denmark and Slovakia.
If the Council of the European Union follows the recommendations, the overall number of countries in the EDP will drop to 11 [url=http://www.cowboysauthenticofficialonline.com/authentic-taco-charlton-jersey.html]Taco Charlton Cowboys Jersey[/url] , among which are France and Spain.
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Architectural Services Market by Type – 2023 |
by Rushikesh Bane · August 30, 2018
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The Architectural Firms are focusing on providing consultancy and advisory services rather than core architecture designing.
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