1 The debt crisis cannot be suppressed forever with new debts
Because the Government has allowed the budget deficit to expand, the effects of the debt crisis on the real economy have so far been moderate. The downside of this is that our country now faces a bill that can no longer be left unpaid. Since the crisis erupted in 2007, Dutch public debt has increased by 20% of GDP, to 65% of GDP today. According to a preliminary projection (Concept-CEP-raming) by the Netherlands Bureau for Economic Policy Analysis (CPB), Dutch public debt will increase to 75% of GDP by 2015 if current policy is left unchanged. This development must be curbed.