Economy

A Euro is a Euro, or Is It? The Netherlands Fails to Adopt a Modern Budgeting System, Frustrating Experts

NRC·27 September · 22:00·3 hours ago

The Netherlands continues to use an outdated cash-based accounting system that fails to distinguish between consumptive spending and long-term investments, according to experts. Former ASML CEO Peter Wennink criticized the method as 'medieval,' arguing it hinders necessary infrastructure upgrades amid an 80 billion euro shortfall for Vincent Karremans' ministry. This approach prevents clear differentiation between expenses like fuel tax cuts and productive investments like bridges, complicating efforts to boost productivity while adhering to European budget limits.

Ozetta summarises; the reporting is the newsroom's

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