The Budget Memorandum (Dutch: ''Miljoenennota'', literally "Millions Bill") is a general explanation by the Government of the

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

of the expected revenues and expenses in the National Budget for a year. After the

king King is the title given to a male monarch in a variety of contexts. The female equivalent is queen, which title is also given to the consort of a king. *In the context of prehistory, antiquity and contemporary indigenous peoples, the ...

has given the

Speech from the throne A speech from the throne, or throne speech, is an event in certain monarchies in which the reigning sovereign, or a representative thereof, reads a prepared speech to members of the nation's legislature when a session is opened, outlining t ...

Prinsjesdag Prinsjesdag ( en, Little Prince's Day) is the day on which the reigning monarch of the Netherlands addresses a joint session of the States-General of the Netherlands (consisting of the Senate and the House of Representatives) to give the spee ...

(every third Tuesday in September), the

Finance Minister A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", ...

offers the suitcase with the National Budget and the Budget Memorandum to the president of the

House of Representatives House of Representatives is the name of legislative bodies in many countries and sub-national entitles. In many countries, the House of Representatives is the lower house of a bicameral legislature, with the corresponding upper house often c ...

The Budget Memorandum describes the most important plans the

Cabinet Cabinet or The Cabinet may refer to: Furniture * Cabinetry, a box-shaped piece of furniture with doors and/or drawers * Display cabinet, a piece of furniture with one or more transparent glass sheets or transparent polycarbonate sheets * Filing ...

has for the next year. This involves an explanation of the costs and influence these plans will have on citizens and companies. Furthermore, the Budget Memorandum also discusses the general situation of the

economy of the Netherlands The economy of the Netherlands is th15th largest in the world in 2022(in terms of Gross domestic product; GDP) according to Forbes. Its GDP per capita was estimated at $68,572 in the fiscal year 2022, which makes it one of the highest-earnin ...

. An important topic is always

public finance Public finance is the study of the role of the government in the economy. It is the branch of economics that assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achi ...

. Whenever there is a

deficit A deficit is the amount by which a sum falls short of some reference amount. Economics * Balance of payments deficit, when the balance of payments is negative * Government budget deficit * Deficit spending, the amount by which spending exceeds ...

, it will detail how big this deficit is, and how it will be financed.

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See also