Is government spending the key to successful consolidation
研究2007年金融危机后各国财政整顿中可用的预算工具，重点分析政府支出的作用及其对经济活动的短期和长期影响，特别关注比利时的情况。
The financial crisis that erupted during 2007 and intensified in 2008 and the ensuing economic recession led to a serious deterioration in the public finances of most advanced economies. That resulted in a sharp increase in the fiscal deficit and public debt in those countries, including Belgium. Since then, almost all countries have made considerable efforts to achieve fiscal consolidation in order to end the unsustainable developments. However, restoring sustainable public finances will entail additional efforts in most countries in the years ahead. This article examines the budgetary instruments that can be used to continue consolidating public finances. In the process, it examines in depth the role of public spending. It describes the impact of the various budgetary instruments on economic activity in both the short and long term. Special attention is given to the fiscal position and potential consolidation instruments in Belgium.