This Monday, the National Bank indicated that the Belgian economy is recovering faster than expected. In the first quarter, it thus jumped 1% instead of the expected 0.6%.
This also results in a dramatic increase in tax revenues since the beginning of the year. The tax authorities collected no less than 41 billion euros in the first four months of 2021, is 45% more than during the first term of 2020.
“The only possible explanation is that the underlying economic growth is important.”
“The explosive growth is the logical continuation of the drastic recession caused by the shutdown of economic activity and public life last year. especially on VAT (+140%), the withholding tax (+ 23%) and advance payments (+ 35%) that the impact was enormous “, explains Francis Adyns of the SPF Finances.
More significantly still, the public treasury has collected even more than during the same period in 2019, in the “world before”, that is to say a bonus of 3.3 billion euros. “The only possible explanation is that the underlying economic growth is important “, emphasizes Francis Adyns.