Wallonie Region Funding Gap Analysis
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Région wallonne - Key political acts
The Sixth State
Reform
(2014)
The Sixth State Reform enhances the fiscal autonomy of the federated entities
and transfers the majority of powers from the federal level to the regional /
community levels.
Increased fiscal autonomy: regional personal income tax (IPP regional) and
fiscal expenses (ex: mortgage credits).
List of new transferred powers: family benefits, healthcare, labour market,
road safety, tenancy regulation, driving education, technical inspection, houses
of justice ...
Special Finance
Act
(1989, 1993, 2014)
Article 49 of the Special Finance Act organizes and supervises the delegation of
debt management in the federated entities. For example, the role of the CSF
(Conseil Supérieur des Finances) is to evaluate the financial plans of the
federated entities, to formulate recommendations and in some cases to decide
to cap the entity's lending capacity.
Article 54 §2 of the Special Finance Act specifies that in case of an insufficient
payment or in the event of delay in the payment of the amounts due by the
federal state, the Communities and the Regions can contract a loan
guaranteed by the Federal State and interest costs are taken on by the
Federal State.
Wallonie
service public
SPW
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