Dutch bank warns budget controls needed

NETHERLANDS - The next Dutch government will have to impose budget curbs to keep state finances in surplus, the central bank warned on Wednesday.

Citing official forecasts that the budget surplus for this year could fall to a bare 0.1 per cent of gross domestic product, the bank said in its annual report that the Netherlands was on course to return into deficit in 2003.

It added that "austerity measures will be needed to bring the budgetary position more into line" with a desired average surplu

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