The Netherlands is slowly recovering from the crisis. Exports, corporate investments and consumption are all increasing. Economic growth in 2015 is projected at 1.25%. But the recovery is fragile and at risk from international developments. Unemployment remains high and tackling it is one of the government’s top priorities. The 2015 Budget Memorandum strikes a balance between restoring purchasing power and strengthening public finances. It also includes targeted measures to accelerate economic growth, stimulate employment and respond to the current international tensions.
The 2015 Tax Plan focuses on alleviating the tax burden on labour. A sum of €1 billion has been made available for this purpose, which will be used to reduce the lowest rate of income tax and increase the employed person’s tax credit in order to make work more profitable. These measures will partially reverse the increased tax burden arising from earlier government measures.
23 Speech on the presentation of the 2015 Budget Memorandum, House of Representatives, Tuesday 16 September 2014
Madam President, I will shortly present the budget for 2015. A budget that can best be described as ‘prudent’. Prudent in its additional expenditure. Prudent in the burden it places on individuals and businesses. And prudent in its specific forecasts about the future. Prudence is essential given the current international uncertainties, especially in view of their potential impact on our fragile economic recovery. The government is therefore seeking a balance between restoring purchasing power, reducing financial risks and increasing expenditure, as it must in the light of international tensions.
On the third Tuesday in September (Prince's Day), the Minister of Finance presents the National Budget and the Budget Memorandum to the House of Representatives.
The North Sea Jazz Festival in Hong Kong will be cancelled due to unsatisfactory ticket sales.
European Commission President-Elect Jean-Claude Juncker has announced his new team of Commissioners for the next five years. Foreign minister Frans Timmermans will be Mr Juncker’s First Vice President and right-hand man. If confirmed by the European Parliament, the minister will be entrusted with the portfolio on better regulation, inter-institutional relations, rule of law and the Charter of Fundamental Rights. Prime Minister Mark Rutte has said that he is ‘very happy’ with the important job Mr Timmermans has been offered.
Statement by Frans Timmermans, Minister of Foreign Affairs of the Kingdom of the Netherlands at the Security Council, New York.
Leave your condolences to the victims' families of flight MH017 to Kuala Lumpur.
The Netherlands is deeply shocked by the terrible air disaster involving flight MH17. We mourn all those who were on board, whatever their nationality. Our thoughts are with their loved ones, friends, colleagues and acquaintances. The Dutch government is doing all it can to gain clarity for the victims’ families as swiftly as possible. The Netherlands is pressing for an independent and transparent international investigation and calls on all those involved to provide full and immediate cooperation. A crisis team has been set up at the Ministry of Foreign Affairs in The Hague. Relatives of victims can contact the Ministry on +31 (0)70 348 7770.
I am deeply shocked by the dramatic reports of the air disaster involving Malaysia Airlines flight MH17 from Amsterdam to Kuala Lumpur over Ukrainian territory. Much remains unclear as regards the cause and circumstances of the crash and those on board the aircraft. I have just spoken to the Ukrainian president. Our thoughts are with those who were on board the aircraft and their family and friends.