Taking account the measures announced in Belgium, as of 15 April 2020, the stimulus is estimated at EUR 55.1 billion or 11.4% of GDP (excluding the impact of deferrals of taxes and social contributions). The majority of these measures (EUR 51.8 billion) were to increase liquidity.
Key fiscal support measures have included boosting health expenditures related to COVID-19, increasing support to those in temporary unemployment and self-employment and to provide liquidity support. Regional governments have announced additional measures. An inter-departmental provision of EUR 1 billion was approved for COVID-19 related expenditures, mainly for health expenditures.
The Walloon region also provided an extra EUR 75 million for health expenditures. The Brussels region provided EUR 14 million for the health sector.
