Brussels: Metro hinders Region’s budget
According to Namur University’s Regional and Politic Economy Research Centre (CERPE), the North Metro extension and the renovation of the Leopold II tunnel will create a situation where the Brussels Region has no budgetary maneuvering space. Brussels’ investment spendings are up from 275,5 million euros in 2018 to 460 million euros in 2019.
Unless some particularly creative measures are found to generate new forms of revenue, the future Brussels government will have no budgetary room to maneuver. That is the conclusion of Namur University’s Regional and Politic Economy Research Centre (CERPE) budget analysis.
“Based on unchanged policies, revenues will grow at a faster pace than primary expenses, but those will remain low over the entire projection period (2019-2024),” reads the report.
The CERPE shines its light on the importantly increasing investment spending that the Brussels Region has planned. Those are up from 275,5 million euros in 2018 to 460 million euros in 2019.
They include 244 million for the North Metro, 162,5 million for infrastructure and park and ride facilities, and 53,5 million euro for the Regional Crisis Centre construction.
But the simulations don’t take future budget decisions into account. A series of investments will have to be done by the future government. They include, among others, the renewal of all public vehicles to comply with the LEZ.