STOCK MARKET WATCH -- Monday, 16 September 2013

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40. DUTCH DEFICIT SET TO WORSEN IN 2014

http://hosted.ap.org/dynamic/stories/E/EU_NETHERLANDS_ECONOMY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-09-16-08-01-45

AMSTERDAM (AP) -- The economic forecasting agency of the Netherlands government warned Monday that the country's deficit will worsen next year after further austerity measures are pushed through.

The CPB agency published its analysis of the 2014 budget a day ahead of schedule, after it was leaked.

The numbers show the deficit worsening to 3.3 percent of annual gross domestic product next year from 3.2 percent this year.

That's potentially embarrassing for the Dutch government, which has argued that a program of spending cuts and tax hikes would lower the deficit and promote growth. In June, it forecast a 2014 deficit of 3 percent, which would meet European rules.