Middle and affluent households put federal energy aid in their savings account

  • Post category:Economy News
  • Reading time:4 mins read

The BNB and the University of Ghent believe that the energy check and the reduction in VAT have missed their target: the majority of middle and high-income households deposit the amounts in their savings account and not for other expenses . Only the social tariff is targeted and effective.

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Head of Policy

Reading time: 3 mins

LHas the government correctly targeted its support measures for the energy bill? These questions have arisen since these aids have been introduced and there are serious doubts about the effectiveness of these interventions.

A study by the University of Ghent, carried out in collaboration with the National Bank of Belgium (BNB), reinforces the suspicion of too broad targeting. According to the authors of the research, Geert Peersman (UGent) and Joris Wauters (BNB), a large number of households received compensation that was too high in relation to their means, which did not encourage them to reduce their consumption.

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