Government cannot soften all the pain, finance minister says

Sigrid Kaag is the first Dutch female finance minister. Photo: Phil Nijhuis ANP

The government can only take away part of the financial problems facing people and the bill will have to be picked up by future generations, finance minister Sigrid Kaag told MPs on Tuesday afternoon.

‘We cannot eradicate all the consequences of mounting inflation and help everyone,’ Kaag said in her speech, in which she also warned that money spent now on shoring up spending power cannot be spent on education and healthcare.

The fundamentals of the Dutch economy are strong and industry has bounced back in the wake of the pandemic, Kaag told MPs, as she handed over the government’s 2023 spending plans to parliament.

‘That foundation gives hope for the future and room in the present,’ she said.We can handle this because these exceptional times that call for exceptional measures, an outstretched hand and solidarity.’

At the same time, it is also the government’s duty to invest in tomorrow as well as help people in need at the moment, she said.

Therefore the government would also be spending €35 billion on making the country climate neutral by 2050. ‘Billions’ more will be spent on education and ensuring equal opportunities and €5 billion more has been allocated to defence, the minister said.

The Netherlands is a resilient country,’ she said.We can achieve a lot when politicians, business and society work together, when strong shoulders carry the heaviest burden.’

Thank you for donating to

The team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments. has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.

If you have not yet made a donation, but would like to, you can do so via Ideal, credit card or Paypal.

Local News

Articles You May Like

Jefferies: direct lenders chip away at investment bank franchise
Wisconsin GOP rejects governor’s $3.8 billion capital package
From Bat-Signal to Bitcoin: Projecting ‘Orange Pill’ on banks as EU drives crypto regulation
Home prices cool in January, even falling in some cities, S&P Case-Shiller says
Deliveroo riders are employees, Dutch Supreme Court rules

Leave a Reply

Your email address will not be published. Required fields are marked *