Wallonie Region Funding Gap Analysis slide image

Wallonie Region Funding Gap Analysis

Focus on Région wallonne's expenditures Région wallonne expenditures evolution (in €m) 15 791 16 041 16 330 16 914 16 884 13 589 8 831 9 448 2017 2018 2019 2020 2021 2022 2023 2024 Reported Budget Forecasts The 2020 budget is based on the macroeconomic forecasts of the Federal Planning Bureau of November 2019: growth rate of 1.1% (GDP) and inflation rate of 1.4%. ☐ Numbers for 2021 up until 2024 were forecasted by the Walloon Government in 2019. 2019 (realized) 2020 (initial) Expenditures breakdown by source (2019-2020) 3% 1% 0.4% 4% 73% 5% 5% 8% 10% ■ Health 33% I ■ Employment & Training ■Local authorities & social actions ■Mobility & infrastructure 13% 17% ■Debt amortization & costs 3% 2% 1.8% 71% 4% 5% 33% 6% 8% 8% ■Parliament, Government services, Admin ■Land use planning, housing, heritage & energy ■Economy & Research Agriculture, natural resources & environment. ■New investment plan ■Others Wallonie service public SPW ☐ In order to start reducing its recurrent deficit, Région wallonne has launched a unique exercise to assess and justify all current / new budget expenditures. This exercise, called zero based budgeting, started in January 2020 and is expected to produce incremental results, starting mid 2021 (see definition slide 14). 17% 13% Remark: since 2019, regional expenses & revenues are impacted by the implementation of the 6th State Reform, empowering the Regions for part of Belgian Social Security budget (Health & Family Allowances). 10 10
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