Dutch cabinet submits definitive budget

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Finance Minister Jan Kees de Jager submitted the definitive version of the cabinet’s budget accord to parliament on Friday.

The plan, supported by the conservative VVD, Christian Democrats (CDA), the Green Left party, the democrat party D66 and the Christian Union, includes 12.4 billion euros worth of austerity measures for 2013.

The five parties had already reached agreement on the main points of the raft of budget cuts at the end of April.

Earlier draft versions of the accord suggested that the cuts would be slightly lower - 12.2 billion euros.

The budget accord has been given the title ‘Taking Responsibility in Times of Crisis.’


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