Belgian PM defends budget ahead of confidence vote

Belgium, unlike most other countries, does not have a capital gains tax and the proposal exposed sharp differences within the coalition government Michel has led since 2014Belgian Prime Minister Charles Michel on Sunday defended his budget and vision for the future after tensions within the fractious coalition government nearly sank his programme earlier in the week. Michel had been due to deliver his annual state of the union address on Tuesday but spending cuts, notably in health, plus a controversial capital gains tax exposed sharp differences which the premier only papered over after “intense” crisis talks. Michel insisted that change was imperative to modernise the economy and make it more competitive.

Share this article