Public Sector Economics

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Could the decrease in Belgian government debt-servicing costs offset increased age-related expenditure?



Mikkel Barslund*
   
Lars Ludolph*
Article   |   Year:  2019   |   Pages:  225 - 246   |   Volume:  43   |   Issue:  3
Received:  July 12, 2018   |   Accepted:  July 23, 2019   |   Published online:  September 14, 2019
Download citation        https://doi.org/10.3326/pse.43.3.1       


Figure 1
Global savings, investment and hypothetical real interest (in percent)
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Figure 2
Gini coefficient of income inequality in the US and the OECD (average value of all OECD members)
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Table 1
Selected European governments and their potential to save further on debt servicing costs
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Figure 3
Belgian general government net debt interest payments (in percent of GDP)
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Figure 4
Weighted average fixed coupon on Belgian non-treasury bill debt maturing in the indicated years 2016-2030 (left hand side) and savings on coupon payments as a percentage of GDP under a no-interest-rate-change assumption, 2016-2030
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Figure 5
Historical and forecast aggregate savings on Belgian government net debt coupon payments, 2016-30 (percent of GDP)
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Figure 6
Disaggregated changes in age-related expenditure in Belgium with base year 2013 as a percent of GDP, 2013-2030
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Figure A1
Annual growth of CPI inflation in Belgium (in percent), 1986-2016
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Figure A2
Belgian secondary market government bond yields (07/05/2017) and Belgian y-o-y CPI inflation (03/2017) (in percent)
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Figure A3
Overall change in age-related expenditure by 2020 and 2030 in Belgium (base year 2013; in percent)
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Figure A4
Forecast annual savings on net debt coupon payments (in percent of GDP)
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Figure A5
Weighted average maturity of total Belgian government debt, in years
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  September, 2019
III/2019
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