Flemish Government to increase its investment spending

Flemish Government to increase its investment spending
Credit: Canva

The Flemish Government will increase its investments by  €550 million this year, according to figures from the Flemish socio-economic council (SERV), the consultation body between Flemish social partners.

In total, €6.5 billion is set to be invested this year. Of this, €2.27 billion will be allocated to transport infrastructure, including the Oosterweel project in Antwerp.

The government will also allocate €684 million for the construction of new buildings.

Additionally, nearly €1 billion is earmarked for investment support from third parties, such as businesses.

The education sector will also benefit from a nearly 10% increase in public spending this year.

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