Belgium spends 1.5% more of GDP on business subsidies and investment grants than neighboring countries—over €9 billion at 2024 economic size.
Much of that spending goes to wage subsidies designed to offset Belgium's own high labor taxes.
In effect: Belgium created an expensive tax problem, then built an expensive workaround to deal with it.
Much of that spending goes to wage subsidies designed to offset Belgium's own high labor taxes.
In effect: Belgium created an expensive tax problem, then built an expensive workaround to deal with it.