The impact of the health crisis raised fears of deterioration. It is not so. Even if the challenges are there.
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En a full budgetary conclave, the Walloon government learned that the Moody’s agency confirmed its A2 (stable) rating for the Region. The impact of the health crisis raised fears of deterioration. ” That’s excellent news. Moody’s has taken into account a robust regulatory and legislative framework, our fiscal autonomy and very active debt management, ”comments Jean-Luc Crucke (MR), the Minister of Budget. It has to cope with sharply declining revenues (720 million) and rising expenses (almost one billion) to help businesses and the social sector.
Jean-Luc Crucke says he is serene: Wallonia has ensured its financing needs for 2020 (4 billion). However, Walloon GDP could fall by 10.2%. “Abyssal, unpublished! “, Said Minister-President Elio Di Rupo (PS):” Budgetary orthodoxy is shattered because we are forced to respond to the crisis. “
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