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Belgian Government Reaches Accord on 2013 Budget, Di Rupo Says

Nov. 20 (Bloomberg) -- Belgium’s federal government reached an agreement on the budget for next year, Prime Minister Elio Di Rupo said.

“We have an agreement on the 2013 budget and on extra measures for competitiveness and employment,” Di Rupo said in a message posted today on Twitter after overnight talks.

Government ministers agreed on measures for almost 3.8 billion euros ($4.9 billion) in savings and taxes to meet its budget-deficit goal next year of 2.15 percent of gross domestic product, De Tijd and L’Echo reported without saying where they got the information.

More than 700 million euros will come from savings in social-security spending and another 700 million euros from departmental and state businesses, according to De Tijd. The ministers also agreed on more than 1 billion euros of new taxes and 1.3 billion euros in one-time measures, the newspaper said.

The government will elaborate on the budget agreement at a press briefing in Brussels today at 11 a.m. local time.

To contact the reporter on this story: Andrew Clapham in Brussels at aclapham@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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