VP_A5 brochure EN_V28012020_DRUK

8. The budget of Flanders
Flanders acquired several new
competences in the period spanning
1970 and 2014. Flanders
requires a very large budget to be
able to exercise its competences
fully. To understand this we only
need to think of the cost of education,
the assistance to the disabled
or the construction of cultural
centres and sport centres.
The majority of this money comes
from the federal state (an endowment).
Flanders can raise its own
regional taxes, using for example
the withholding tax on income
from real estate, registration fees
and death duties. Part of these
revenues derive from taxes
imposed by Flanders itself.
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