In addition to the additional funding from the Government



Revenue increased by 4.7 per cent, mainly due to increases in tax revenues and statutory prices by 14 billion euros the previous year. This was largely dependent on VAT, corporation tax and salary and income tax. Income from, among other things, passenger and motorized car tax, gaming fees and debt tax were also increasing by over 10 per cent.

There was also one time. The mega settlement in HIE due to a policy of eradicating bad money afforded the Department of Finance had almost 800 million euro.

Higher cost of pay and care

4.1% was increased. The government spent more on wages and care. In addition, Holland contributed more to the European Union. CBS has also seen further investment in international collaboration such as the rebuilding of St Maarten's hit by hurricane.

Public debt decreased, as in previous years, and was 52.4 per cent of GDP. That's more than 405 billion euros, or more than 23,000 euro per person.

The highest European standards are 3 per cent and higher debt of 60% of GDP. Since 2013, Holland has been below the deficit and last year a record for the second year was registered.


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