You can& #39;t make this up. With the Dutch yield curve <20y all negative, politicians and voters are getting increasingly worried about public debt sustainability. Government has prepared a & #39;menu& #39; of potential budget cuts on (a.o.) health, housing, and education.

See https://www.ad.nl/politiek/bezuinigen-na-corona-de-opties-liggen-al-klaar~ad7e4247/">https://www.ad.nl/politiek/... .

The common reasoning as summarized by journalists: in the coming years, we will need to & #39;earn& #39; the money that is being spent now.

Interest payments on government debt as % of GDP have never been lower.