New Publication - Interregional Financial Flows in Belgium

Willem Sas, Tom Druyts, Francesco Pascucci - University of Stirling – KU Leuven – UCLouvain Saint-Louis Bruxelles

In July 2017, A. Decoster and W. Sas - KU Leuven - published a study on interregional financial flows in Belgium resulting from the federal budget. Their groundbreaking research, based on the innovative “Moniflow” model, allows for annual updates. The Flemish Government has already provided two updates to the model.In this report, Willem Sas and Tom Truyts intentionally focus on the years 2000 to 2023, meticulously analyzing available administrative data to map the pandemic’s impact in unprecedented detail. Their forecasts extend up to 2028. Notably, they discuss why interest payments on the federal debt should not be included in annual transfer calculations.The calculations were performed in two ways: population weighting, which considers regional population proportions, and income weighting, accounting for each region’s contribution to federal income. Read the full report for detailed insights !