Minister of Finance Vincent Van Peteghem. Photo: BELGA
The one-year state certificate, which must compete with the savings account, has come a step closer. A ministerial decree was published in the Staatsblad on Monday that makes it possible to issue such a government bond.
The normal maturity of government bonds, targeting private investors, is 3, 5, 8 or 10 years. The ministerial decision of Minister of Finance Peter Van Peteghem (CD&V) now also makes possible a government bond for 1 year, his cabinet confirms.
The minister announced the one-year state bond a week ago. It may be available in September. With the issue, the minister hopes to be able to compete with savings accounts and thus encourage the banks to raise interest rates.
To further increase the net return on the government bond, the withholding tax would be reduced from 30 to 15 percent. That reduction will normally be discussed this week at the Council of Ministers.
2023-07-10 16:01:00
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