Another bad assessment for our country: “If nothing is done about the government debt, the pain and consequences will be very great”

Our country has had “staggeringly high budget deficits since the pandemic” and that is why Standard & Poor’s is now lowering the rating of the Belgian government debt. Rating agency Moody’s previously did this. HLN money expert Pascal Paepen explains what that means. “A confirmation that public finances need to be addressed urgently.”

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