That is why I see no reason to cut spending or raise taxes at this time. After all, our economic recovery could still be fragile in 2021. What we do need to do now is strengthen the growth potential of the Dutch economy with structural reforms and temporary, targeted investments. This is not of course a plea for unbridled growth in government spending.
After all, there will always be new, unexpected setbacks. So I think it is wise to be wary of new policy initiatives that place a structural burden on government finances. This addresses fiscal policy in Europe and in the Netherlands. The third point on my European to-do list for tackling growth imbalances is to improve coordination in other areas of economic policy.