The Flemish debt
Here we give a highlight on the direct debt and consolidated debt. In the ‘Cash & Debt Report 2019' you will find the full version on the debt situation of the Flemish Community at the end of 2019.
The revenues that the Flemish Community gains from taxes are inadequate to finance all the expenditures. Therefore the Flemish Community has to take on debt. The concept of “the Flemish debt” can be understood in several ways. A strict interpretation takes only the direct debt into account. Broader interpretations also take into account the other types of debt. There are 5 different types of debt within the Flemish Community:
- The direct debt
- The indirect debt
- The consolidated debt
- The guaranteed debt
- The PPP debt
The figure below is a graphical representation of the different kinds of debt.