|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Belgium||01||01 - Liquidity Support||EUR|
|Belgium||01A||01A - Short-term lending||EUR|
|Belgium||01B||01B - Support policies for short-term lending||EUR|
|Belgium||01C||01C - Forex operations||EUR|
|Belgium||02||02 - Credit creation||EUR||53,000,000,000||58,628,318,584|
|Belgium||02A||02A - Financial sector lending/funding||EUR|
|Belgium||02B||02B - Support policies for long-term lending||EUR||1,000,000,000||1,106,194,690||OECD. http://www.oecd.org/coronavirus/en/#country-tracker (accessed 15 April 2020).||
The National Bank of Belgium announced the decision to reduce the counter-cyclical buffer to zero, releasing approximately EUR1 billion worth of capital available to Belgian banks to expand lending.
|Belgium||02C||02C - Loan guarantees||EUR||52,000,000,000||57,522,123,894||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 30 April 2020).||
(i) EUR50 billion (over 11% of GDP) of guarantees for new bank loans to companies and self-employed; (ii) Regional governments announced further bank-loan guarantees (around EUR2 billion, or 0.4% of GDP); (iii) No amount/estimate: A Reinsurance scheme for short-term trade credit insurance and other socio-economic measures further support these efforts.
|Belgium||03||03 - Direct long-term lending||EUR|
|Belgium||03A||03A - Long-term lending||EUR|
|Belgium||03B||03B - Forbearance||EUR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 30 April 2020).||
No amount/estimate: Postponement of debt repayment due to banks and insurers by affected households and companies to September 30, 2020.
|Belgium||04||04 - Equity support||EUR|
|Belgium||05||05 - Government support to income/revenue||EUR||10,260,000,000||11,349,557,522||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 20 May 2020).||
(i) EUR6.4 billion in total measures as part of the fiscal package outlined in the Stability Program to adress the crises. Key fiscal support measures include: boosting health expenditure and increasing support for those in temporary unemployment and self-employed; (ii) EUR3.8 billion (increased from EUR1.7 billion) regional governments' support to affected firms and sectors, and transfers to affected households.
|Belgium||05A||05A - Health||EUR||1,200,000,000||1,327,433,628||European Commission. https://ec.europa.eu/info/sites/info/files/2020-european-semester-stability-programme-belgium_fr.pdf (accessed 24 May 2020).||
Of the total packages, around EUR1.2 billion are dedicated to health initiatives, with EUR1 billion for federal intiatives and EUR0.2 billion for regional.
|Belgium||05B||05B - Non-health||EUR||9,060,000,000||10,022,123,894||Belgium Government. https://news.belgium.be/fr/covid-19-indemnite-de-crise-supplementaire-pour-certains-independants-et-conjoints-aidants-reconnus (accessed 25 July 2020), https://news.belgium.be/fr/financement-de-skeyes-suite-la-pandemie-due-au-covid-19 (accessed 18 July 2020). Federale Overheidsdienst Financien. https://financien.belgium.be/nl/Actueel/vrijgestelde-reserve-ter-versterking-van-de-solvabiliteit-en-het-eigen-vermogen-ten-gevolge (accessed 2 July 2020). Service Public Federal Finances. https://finances.belgium.be/fr/douanes_accises/entreprises/corona-informations-et-mesures/mesures-de-soutien-relatives-aux-d%c3%a9lais (accessed 26 June 2020), https://finances.belgium.be/fr/Actualites/diminution-temporaire-taux-tva-secteur-horeca (accessed 14 June 2020). European Commission. https://ec.europa.eu/info/sites/info/files/2020-european-semester-stability-programme-belgium_fr.pdf (accessed 24 May 2020).||
(i) On the other hand, non-health initiatives total EUR9 billion, with EUR5.3 billion for federal and EUR3.7 billion for regional; (ii) In addition, reduced the VAT rate applicable to some restaurant and catering services to 6% until the end of 2020; (iii) June 9, Support measures relating to payment periods have been approved, and extension of the payment periods for VAT and Excessive Duties extend to December 31; (iv) June 26, Temporary exemption from corporate tax based on losses incurred during the next tax period; (v) July 10, EUR45 million in grants to skeyes (Belgian air navigation service) to ensure the operational and financial sustainability of the public enterprise in 2020. [update]; (vi) July 10, An advanced payment of EUR15 million was made to skeyes (Belgian air navigation service) for terminal fees for the latter half of the year. [update]; (vii) No amount/estimate: July 17, Additional crisis allowance for certain self-employed persons and assisting spouses recognized as incapacitated for work due to the containment measures. [update]
|Belgium||06||06 - Budget reallocation||EUR|
|Belgium||07||07 - Central bank financing government||EUR|
|Belgium||07A||07A - Direct lending & reserve drawdown||EUR|
|Belgium||07B||07B - Secondary purchase: government securities||EUR|
|Belgium||08||08 - International Assistance Received||EUR|
|Belgium||08A||08A - Swaps||EUR|
|Belgium||08B||08B - International loans/grants||EUR|
|Belgium||08B1||08B1 - Asian Development Bank||EUR|
|Belgium||08B2||08B2 - Other||EUR|
|Belgium||09||09 - International Assistance Provided||EUR|
|Belgium||09A||09A - Swaps||EUR|
|Belgium||09B||09B - International loans/grants||EUR|
|Belgium||10||10 - No breakdown||EUR|
|Belgium||11||11 - Other Economic Measures||EUR||Federale Overheidsdienst Financiën. https://financien.belgium.be/nl/Actueel/akkoord-onderling-overleg-tussen-de-autoriteiten-van-duitsland-en-belgi%C3%AB-ter-verlenging-van (accessed 02 June 2020). Financial Services and Market Authority. https://www.fsma.be/nl/news/de-fsma-kondigt-de-opschorting-van-het-verbod-op-het-innemen-verhogen-van-nettoshortposities (accessed 21 May 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 15 April 2020); OECD. https://www.oecd.org/coronavirus/en/ (accessed 9 May 2020); Yale. https://som.yale.edu/faculty-research-centers/centers-initiatives/program-on-financial-stability/covid-19-crisis (accessed 30 April 2020).||
(i) March 30, Belgian Debt Agency issued a new syndicated EURO benchmark bond maturing October 22nd, 2027 (OLO 91) in the near future and increased the number of OLO auctions by also organizing auctions on the penultimate Monday of May, August and October; (ii) March 30, Belgian Debt Agency stops buying back OLOs maturing in 2022; (iii) April 8, The Federal Debt Agency announces that it has accepted the offers for the auction of Treasury certificates of today for a total amount of EUR 2.280 billion; (iv) Ban on short-selling stocks until May 17; (v) May 12, the Financial Services and Markets Authority agreed to not take action against companies that will not be able to comply with mandatory data provision on code of conduct risk models by June 30, 2020; (vi) May 18: Suspended the ban on short selling; (vii) June 2: Extended the agreement on taxation of cross-border workers with Germany and Netherlands until June 30, 2020.
|Belgium||12||12 - Non-Economic Measures||EUR||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 June 2020).||
(i) The minority government-which has been granted enhanced executive powers-has implemented a range of measures to reduce the spread of the coronavirus, including school and retail shop closures, a ban on all gatherings, limiting movement to essential needs, ban of non-essential travel abroad; (ii) The government has announced a phased conditional on health outcomes. On this basis, manufacturing and business services sectors were reopened on May 4, to be followed by shops (May 11 and May 18). Schools will also start to gradually reopen from May 18. The reopening of other sectors and overseas travel will be assessed by June 8, while sporting events remain banned until July 31; (iii) June 11, Hospitality, cultural, and non-contact sports activities (without audience) as well as religious services were allowed to resume as of June 8. Domestic travel restrictions have been lifted; (iv) June 18, travel restrictions within the Schengen area have also been lifted.