The Netherlands experienced a period of successive budget deficits in the 1980s and early 1990s. The Study Group on the Budget Margin proposed reforms including a medium - term framework and an agreement process for establishing policy and budget priorities for the duration of the parliamentary term. After implementing these reforms, net debt was reduced by 50% from 1995 to 2009.
Prof Rick Van der Ploeg, former Chief Financial Spokesperson and Member of Parliament (1994-98), currently New College, Oxford
Helmer Vossers, Director of Budget Affairs (Ministry of Finance)
Prof David Heald, University of Aberdeen Business School
In the late 1980s and early 1990s the Dutch government ran a series of successive budget deficits. This panel discussion seeks to learn the lessons from their subsequent succesful efforts to bring public sector spending under control.