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Budget Memorandum (Netherlands)
The Budget Memorandum (Dutch: ''Miljoenennota'', literally "Millions Bill") is a general explanation by the Government of the Netherlands of the expected revenues and expenses in the National Budget for a year. After the king has given the Speech from the throne on Prinsjesdag (every third Tuesday in September), the Finance Minister offers the suitcase with the National Budget and the Budget Memorandum to the president of the House of Representatives. Contents The Budget Memorandum describes the most important plans the Cabinet has for the next year. This involves an explanation of the costs and influence these plans will have on citizens and companies. Furthermore, the Budget Memorandum also discusses the general situation of the economy of the Netherlands. An important topic is always public finance Public finance is the study of the role of the government in the economy. It is the branch of economics that assesses the government revenue and government expenditure of th ...
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Netherlands
) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherlands , established_title2 = Act of Abjuration , established_date2 = 26 July 1581 , established_title3 = Peace of Münster , established_date3 = 30 January 1648 , established_title4 = Kingdom established , established_date4 = 16 March 1815 , established_title5 = Liberation Day (Netherlands), Liberation Day , established_date5 = 5 May 1945 , established_title6 = Charter for the Kingdom of the Netherlands, Kingdom Charter , established_date6 = 15 December 1954 , established_title7 = Dissolution of the Netherlands Antilles, Caribbean reorganisation , established_date7 = 10 October 2010 , official_languages = Dutch language, Dutch , languages_type = Regional languages , languages_sub = yes , languages = , languages2_type = Reco ...
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King Of The Netherlands
King of The Netherlands (Dutch language, Dutch: ''Koning der Nederlanden'') is the title of the Dutch head of state. The king serves as the Head of state, head of state of the Kingdom of the Netherlands, which includes the constituent nations of the Netherlands, Curaçao, Aruba and Sint Maarten. The king is also president of the Council of State (Netherlands), Council of State. Furthermore, the king is the head of the Dutch royal house, Royal House. Besides him, it consists of a few direct relatives. Membership is specified by law (Wet lidmaatschap Koninklijk Huis, 2002). This is to be distinguished from the much larger Royal Family with all of the relatives. Originally the Dutch monarch acted as an absolute ruler. However, during the 19th century, the monarch's power was severely restricted. In theory, the Dutch monarch has many powers, but in practice serves a ceremonial role. Terminology, title and lineage In the Dutch Constitution of the Netherlands, constitution, the ...
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Speech From The Throne
A speech from the throne, or throne speech, is an event in certain monarchies in which the reigning sovereign, or a representative thereof, reads a prepared speech to members of the nation's legislature when a session is opened, outlining the government's agenda and focus for the forthcoming session, or in some cases closed. When a session is opened, the address sets forth the government's priorities with respect to its legislative agenda, for which the cooperation of the legislature is sought. The speech is often accompanied with formal ceremony and is often held annually, although in some places it may occur more or less frequently, whenever a new session of the legislature is opened. Historically, when monarchs exercised personal influence and overall decision-making in government, a speech from the throne would outline the policies and objectives of the monarch; the speech was usually prepared by the monarch's advisers, but the monarch supervised the drafting of the speec ...
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Prinsjesdag
Prinsjesdag ( en, Little Prince's Day) is the day on which the reigning monarch of the Netherlands addresses a joint session of the States-General of the Netherlands (consisting of the Senate and the House of Representatives) to give the speech from the throne ( nl, Troonrede, similar to the annual US State of the Union). This speech sets out the main features of government policy for the coming parliamentary session. The occasion is prescribed by the constitution, article 65 of which states: "A statement of the policy to be pursued by the Government shall be given by or on behalf of the King or the Queen before a joint session of the two Houses of the States-General that shall be held every year on the third Tuesday in September or on such earlier date as may be prescribed by Act of Parliament." After the speech from the throne, the budget is later presented to the House of Representatives by the Minister of Finances. Speech from the Throne The first part of Prinsjes ...
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Ministry Of Finance (Netherlands)
, type = Department , logo = Logo-ministerie-van-financien.png , logo_width = 250x250px , logo_caption = Logo of the Ministry of Finance , image = Ministerie van Financiën wintertuin1.jpg , image_size = 250x250px , image_caption = Building of the Ministry of Finance , formed = , jurisdiction = Kingdom of the Netherlands , headquarters = Korte Voorhout 7, The Hague, Netherlands , employees = 1,500 , budget = €11,7 billion (2013) , minister1_name = Sigrid Kaag , minister1_pfo = Minister of Finance , minister2_name = , minister2_pfo = , deputyminister1_name = Marnix van Rij Aukje de Vries , deputyminister1_pfo = State Secretaries for Finance , chief1_name = Manon Leijten , chief1_position = Secretary-General , deputy = , website Ministry of Finance The Ministry of Finance ( nl, Ministerie van Financiën; FIN) is the Dutch Ministry responsible for econ ...
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House Of Representatives (Netherlands)
The House of Representatives (, pronounced ; commonly referred to as the ', literally "Second Chamber of the States General") is the lower house of the bicameral parliament of the Netherlands, the States General, the other one being the Senate. It has 150 seats, which are filled through elections using party-list proportional representation. Generally, the house is located in the Binnenhof in The Hague, however, it has temporarily moved to the former building of the Ministry of Foreign Affairs at Bezuidenhoutseweg 67 in the Hague while the Binnenhof is being renovated. Name Although the body is officially called the "House of Representatives" in English, it is not a direct translation of its official Dutch name, the "Second Chamber of the States General", "Second Chamber" or more colloquially just the "Chamber". Rather than "representative" (''afgevaardigde''), a member of the House is referred to as ''(Tweede) Kamerlid'', or "member of the (Second) Chamber". Functions Th ...
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Cabinet Of The Netherlands
The cabinet of the Netherlands ( nl, Nederlands kabinet) is the main executive body of the Netherlands. The current cabinet of the Netherlands is the Fourth Rutte cabinet, which has been in power since 10 January 2022. It is headed by Prime Minister Mark Rutte and his deputies Sigrid Kaag, Wopke Hoekstra and Carola Schouten. Composition and role The cabinet consists of the ministers and state secretaries. The cabinet is led by the Prime Minister. There are between twelve and sixteen Ministers, most of whom are also heads of specific government ministries, although there are often some ministers without portfolio who have areas of responsibility inside one or more ministries. For instance there has for some time been a minister for development cooperation, who works within the Ministry of Foreign Affairs. Most ministries also have a state secretary who is responsible for part of the relevant portfolio. State secretaries (such as that of Trade and Development Cooperation) are ...
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Economy Of The Netherlands
The economy of the Netherlands is th15th largest in the world in 2022(in terms of Gross domestic product; GDP) according to Forbes. Its GDP per capita was estimated at $68,572 in the fiscal year 2022, which makes it one of the highest-earning nations in the world. Between 1996 and 2000, annual economic growth (GDP) averaged over 4%, well above the European average of 2.5% at the time. Growth slowed considerably in 2001–05 as part of the early 2000s recession. The years 2006 and 2007 however showed economic growth of 3-4% per annum. The Dutch economy was hit considerably by the financial crisis of 2007–2008, and the ensuing European sovereign-debt crisis. The Netherlands has had steady natural gas resources since 1959, when a wellspring was discovered. Currently the Netherlands accounts for more than 25% of all natural gas reserves in the European Union. Over the following decades, the sale of natural gas generated a significant rise in revenue for the Netherlands. Howev ...
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Public Finance
Public finance is the study of the role of the government in the economy. It is the branch of economics that assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones. The purview of public finance is considered to be threefold, consisting of governmental effects on: # The efficient allocation of available resources; # The distribution of income among citizens; and # The stability of the economy. Economist Jonathan Gruber has put forth a framework to assess the broad field of public finance. Gruber suggests public finance should be thought of in terms of four central questions: # When should the government intervene in the economy? To which there are two central motivations for government intervention, Market failure and redistribution of income and wealth. # How might the government intervene? Once the decision is made to intervene the government must ...
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Government Budget Balance
The government budget balance, also alternatively referred to as general government balance, public budget balance, or public fiscal balance, is the overall difference between government revenues and spending. A positive balance is called a ''government budget surplus'', and a negative balance is a ''government budget deficit''. A government budget is a financial statement presenting the government's proposed revenues and spending for a financial year. A budget is prepared for each level of government (from national to local) and takes into account public social security obligations. The government budget balance can be broken down into the ''primary balance'' and interest payments on accumulated government debt; the two together give the budget balance. Furthermore, the budget balance can be broken down into the ''structural balance'' (also known as ''cyclically-adjusted balance'') and the cyclical component: the structural budget balance attempts to adjust for the impact of ...
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Accountability Day
Accountability Day (Dutch: ''Verantwoordingsdag'', popularly also referred to as ''(woensdag) gehaktdag'', "Wednesday Mincing Day")Verantwoordingsdag
House of Representatives of the Netherlands.) is the day in the when the national government and ministries present their annual reports to the . On the same day, the