Absurdist Belgium: ‘Balanced’ Flemish budget

The Flemish region of Belgium has just proudly announced that its budget for the coming year will be balanced. A commendable achievement in the current economic climate one might think. Well, kinda. To get their checks and balances in order, the Flemish government has had to keep one of the largest investments out of the books. The Oosterweel connection is a project that plans to complete the highway around the city of Antwerp, turning it into a completed ring road. The investment will require a yearly investment of about half a billion Euro for the years to come. It’s exclusion from the budget is justified by the fact that it will generate a return on in investment, once finished. We would hope so, but isn’t making projections for future income and expenses part of the budgeting exercise, M. Bourgeois? Budgeting is not a PR opportunity. Well it shouldn’t be, at least.

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