Economy & Finance
Belgian Borrowing Costs Hit 14-Year High
Belgium's 10-year bond yield exceeds 3.8%, the highest since 2012, as rising interest costs pressure an already strained federal budget and public debt.
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Belgium's 10-year bond yield exceeds 3.8%, the highest since 2012, as rising interest costs pressure an already strained federal budget and public debt.
Belgian Finance Minister Van Peteghem says €7.7 billion is the minimum needed to meet EU fiscal rules by 2029, with the challenge growing after 2031.
The PS accuses Wallonia's government of adding €820M to regional debt. A fact-check reveals both sides have valid points in a complex fiscal debate.
Belgium's Court of Audit warns 15-20 billion euros are needed to reduce the budget deficit to the EU-mandated 3% threshold.