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"Back to budget cuts": Finance Min's message in spring budget review

Minister Sigrid Kaag of Finance will announce that, after a few years of spending, budget cuts are back for the Dutch government, sources told the newspaper AD. Its time for the government to show some more discipline again, will be Kaag’s message at the presentation of the Spring Memorandum - the spring update to the national budget. ....

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Supreme Court: Dutch government must pay SNS Bank bondholders about €1 billion

The Dutch government must pay over 800 million euros in damages plus tens of milions in interest to the group of people and organizations who held bonds and lent money to SNS Reaal and SNS Bank, the Supreme Court said in affirming a ruling of the Ondernemingskamer, the commercial court at the Amsterdam Court of Appeals. While the expropriated debt holders were victorious, the former shareholders again lost out in the latest ruling. ....

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DNB president not afraid that strong wage increases will push inflation further up

Employers are doing their part to restore purchasing power, as wage settlements in collective agreements are now at 7.5 percent. This is the observation of Klaas Knot, president of De Nederlandsche Bank (DNB), in an interview with ANP. Although this means that wage increases are currently higher than inflation, he is not concerned that all these additional wages will continue to drive up the price level. ....

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Kaag calls millions bonus CEO Air France-KLM 'incomprehensible and inappropriate'

Minister Sigrid Kaag (Finance) calls it "incomprehensible and inappropriate" that CEO Ben Smith of Air France-KLM has been promised a million-dollar bonus, while the company recorded a huge loss last year and needed state support to survive. That is what Kaag says in her weekly conversation with RTL Z on Tuesday. ....

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Dutch government looks to triple tax on plane tickets from 2023

As part of the Dutch Recovery and Resilience Plan, the government is looking to increase taxes on flights from the Netherlands to 24 euros per ticket. ....

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