Belgian public debt rises to €469 billion

In the month of February alone, Belgium's federal debt increased by €7.37 billion, according to statistics published by the Belgian Debt Agency. The total federal debt now stands at 468.61 billion euros.

The €7.37 billion increase in February is very high compared to other months. According to the Treasury, this may be partly due to the fact that the Belgian federal government disbursed household energy subsidies in February.

Belgium has been repeatedly criticised by the European Commission for its public spending. In January Belgium recorded the largest budget deficit in the euro area, at around 5.1% of gross domestic product (GDP). The euro area average was 3.3% of GDP. 

Last week, credit rating agency Fitch downgraded Belgium's outlook, citing the country's public debt. There is a chance that Belgium’s credit rating will now be downgraded. Next Friday, Standard & Poor's will also publish a new outlook for Belgium.




Get updates in your mailbox

By clicking "Subscribe" I confirm I have read and agree to the Privacy Policy.


Belga News Agency delivers dependable, rapid and high-quality information 24 hours a day, 7 days a week, from Belgium and abroad to all Belgian media. The information covers all sectors, from politics, economics and finance to social affairs, sports and culture, not to mention entertainment and lifestyle.

Every day, our journalists and press photographers produce hundreds of photos and news stories, dozens of online information items, plus audio and video bulletins, all in both national languages. Since the end of March 2022 English has been added as a language.

For public institutions, businesses and various organisations that need reliable information, Belga News Agency also offers a comprehensive range of corporate services to meet all their communication needs.


Arduinkaai 29 1000 Brussels