3 years ago

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CPB Netherlands Bureau

CPB Netherlands Bureau for Economic Policy Analysis Van Stolkweg 14 P.O. Box 80510 2508 GM The Hague, the Netherlands Telephone +31 70 338 33 80 Telefax +31 70 338 33 50 Internet ISBN 978-90-5833-485-5 2

Abstract in English Independent national fiscal institutions can play a major role in fiscal policy and in maintaining and restoring sustainability of a country’s public finance. This paper describes the role of CPB in Dutch fiscal policy and discusses its merits and risks. And to what extent can it provide lessons for improving decision-making on fiscal policy in other countries In the second part, the Dutch fiscal targets and rules are discussed in view of the rising costs of ageing, the depletion of natural gas resources and the financial crisis. In the Netherlands, for already 65 years, CPB serves as the official expert institute for fiscal and economic policy. It does not only serve the government, but meets also requests from opposition parties, trade unions and employers’ organizations. The reputation of quality and independence had to be earned and defended again and again. Its eminent founder and first director, Jan Tinbergen, was responsible for a very good start. CPB has a more comprehensive role than comparable institutions in other countries. This includes e.g. providing the official estimates on economic growth and purchasing power, analysis of the sustainability of Dutch public finance, costs-benefit analysis of major infrastructure projects, analysis of the economic effects of the election plans of Dutch political parties and all kinds of analyses on the Dutch economy and the role of the government. Key words: Fiscal council, CPB, Fiscal consolidation, Dutch fiscal policy, Sustainability of public finance, Independent fiscal institutions JEL code: A11, D70, E60, E62, H6, H12, P10 Abstract in Dutch Dit paper beschrijft en analyseert de rol van het CPB in het Nederlandse begrotingsbeleid. Wat zijn de voordelen en wat zijn de nadelen of beperkingen In het tweede deel wordt aandacht besteed aan het Nederlandse begrotingsbeleid in het licht van de financiële crisis, de vergrijzing en de uitputting van de aardgasvoorraden. In vergelijking met soortgelijke instituten in het buitenland heeft het CPB een zeer veelomvattende taak. Dit betreft onder meer de officiële raming van de economische groei, koopkracht en werkloosheid, analyse van de houdbaarheid van de overheidsfinanciën, kosten-batenanalyse van infrastructuurprojecten, analyse van verkiezingsprogramma’s en een breed scala aan analyses van de Nederlandse economie en de rol van de overheid. Steekwoorden: CPB, Nederlands begrotingsbeleid, Houdbare overheidsfinanciën 3

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