Source: Government of the Netherlands
Accountability Day and 2024 Central Government Annual Financial Report The Netherlands’ public finances are strong. Despite a slight contraction in the first quarter, the Dutch economy grew by 1.0% in 2024. Growth was stronger than expected, which had a positive impact on public finances. The budget deficit for 2024 was 0.9% of gross domestic product (GDP). These conclusions can be found in the Central Government Annual Financial Report for 2024, the year in which the Schoof government took office at the beginning of the summer.