Training parties want to borrow billions to solve major problems

The VVD, D66 and CDA want to borrow tens of billions of euros to solve major problems like the climate crisis, the nitrogen crisis and the delayed maintenance of roads and other infrastructure, reports NOS on the base of training process documents.

It is not known how much money is involved or on what issues the funds will be used. The loan will be a one-time thing and not annual structural loans. Borrowing money is currently very attractive due to the extremely low interest rates.

These plans come from training documents discussed last week before the decision to negotiate a continuation of the current coalition of VVD, CDA, D66 and ChristenUnie, according to the broadcaster.

The VVD, D66 and CDA want more money to deal with urgent crises, but without directly affecting EMU. EMU refers to European rules on spending.

“After setting up incidental funds, we want to go back to normal fiscal rules,” the three parties wrote in the documents. According to them, this means that if the new government wants to invest in something, it has to cut the same amount on something else.

The parties also want to limit tax increases for citizens and businesses during the next Cabinet term. The tax burden cannot increase beyond this limit no matter what. “Interim policy changes must stay within these frameworks,” they wrote. For citizens, the starting point should be “tax increases should be limited and, if possible, turned into tax breaks”.

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