Fitch lowers the rating of the Belgium due to “blunders … – Boursorama

The credit rating agency Fitch on Friday confirmed the negative outlook of the rating of the debt of the United Kingdom, which had been lowered in June following the choice of british voters out of the european Union. ( AFP/Archives / JOEL SAGET )

The credit rating agency Fitch on Friday confirmed the negative outlook of the rating of the debt of the United Kingdom, which had been lowered in June following the choice of british voters out of the european Union. ( AFP/Archives / JOEL SAGET )

The outlook is now “stable”, which means that Fitch does not anticipate a further reduction in the medium term. The belgian debt, however, remains in the category deemed to be of high quality to the investors.

The finance in belgium have been undermined by the “fall” of tax revenue due to lower taxes on labour income and social contributions, ensures the agency in its press release.

Fitch also refers to the rise in public spending to accommodate refugees and to tighten security after the attack on the Brussels airport in march.

The public deficit should reach 3% of GDP next year, against a previous forecast of 2.7%, and the debt was about 107% of GDP, the highest among the countries rated “AA”.

“The repeated failures to achieve the government’s objectives negatively affects the credibility of fiscal policy,” says Fitch.

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