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

Netherlands , Terminology of the Low Countries, informally Holland, is a country in Northwestern Europe, with Caribbean Netherlands, overseas territories in the Caribbean. It is the largest of the four constituent countries of the Kingdom of the Nether ...

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

king King is a royal title given to a male monarch. A king is an Absolute monarchy, absolute monarch if he holds unrestricted Government, governmental power or exercises full sovereignty over a nation. Conversely, he is a Constitutional monarchy, ...

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 their representative, reads a prepared speech to members of the nation's legislature when a Legislative session, session is opened. ...

Prinsjesdag Prinsjesdag () is the day on which the reigning Monarchy of the Netherlands, monarch of the Netherlands addresses a joint session of the States General of the Netherlands, States-General of the Netherlands (consisting of the Senate of the Neth ...

(every third Tuesday in September), the

Finance Minister A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfoli ...

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 entities. In many countries, the House of Representatives is the lower house of a bicameral legislature, with the corresponding upper house often ...

The Budget Memorandum describes the most important plans the cabinet 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 a highly developed market economy focused on trade and logistics, manufacturing, services, innovation and technology and sustainable and renewable energy. It is the world's 18th largest economy by nomin ...

. An important topic is always

public finance Public finance refers to the monetary resources available to governments and also to the study of finance within government and role of the government in the economy. Within academic settings, public finance is a widely studied subject in man ...

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

External links

{{commons category, Miljoenennota
The presentation of the National Budget and the Budget Memorandum
Economy of the Netherlands Government publications Politics of the Netherlands Government budgets

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See also

External links