Netherlands Embassy in Bucharest Romania

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Netherlands Embassy in Bucharest

Address
HERMES BUSINESS CAMPUS, Blvd. Dimitrie Pompeiu 5-7, 8th floor, Bucharest sector 2, 020335
Romania
Phone

+40 21 208 60 30

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Economic Newsletter

September 16, 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.

September 16, 2014 On Budget Day (Prince's Day), on the third Tuesday in September, the government announces its plans for the coming year. The King travels in the Golden Coach to the Hall of Knights in The Hague where he reads the Speech from the Throne. Later that day, the Minister of Finance presents the National Budget and the Budget Memorandum to the House of Representatives in the ceremonial briefcase.