The paper by Henri Bogaert focuses on Belgian budgetary prospects. It presents the Maltese model developed by the Federal Planning Bureau in order to evaluate alternative pension reforms in a broader budgetary context. The model includes a number of interdependent sub-models linking demography...

Bogaert and Père examine the institutional reforms introduced in Belgian public finances over the 1990s. During this period, the process of the federalisation of Belgium, which had been started in the 1970s, moved forward in a context of fiscal consolidation. The regions and the linguistic...