Economic Policy Committee’s Ageing Working Group - Belgium: Country Fiche 2017 [ REP_COUNTRYFICH2017 - 18/12/2017]

The Ageing Working Group (AWG) was established in December 1999 by the Economic Policy Committee  of  the  European  Council  ECOFIN.  This  working  group  is  responsible  for  producing  common budgetary projections on age-related public expenditure items. Each Member State calculates its longterm pension expenditure based on common assumptions discussed in the AWG.  

The demographic and macroeconomic assumptions in the public pension expenditure projection of Belgium for the AWG are different from those retained  in the national projection of the Study Committee on Ageing, as well as the scope of  pension definition. This projection is carried out using the MALTESE model of the Federal Planning Bureau.  

This report presents the new Belgian pension projection 2016-2070 that will be published in the “2018 Ageing Report” next year. In addition, these results will be used in the context of the “Fiscal Sustainability Report” of the European Commission that assesses the mid-term and long-term fiscal situation of Member states.