The Belgian Prime Minister has submitted his resignation after failing to reach an agreement on the budget.
Belgian Prime Minister Bart De Wever submitted his resignation to King Philippe after the government failed to agree on the 2027 federal budget, leading to a crisis. A cabinet meeting aimed at addressing a €10 billion deficit ended without consensus, with Belgium's debt exceeding 110% of GDP. The government must find €10 billion to comply with EU spending limits, but disagreements on budget adjustments persisted. De Wever warned of potential downgrades to Belgium's credit rating without an agreement. He proposed cuts to ministers' salaries and a stability law, both rejected. The king may reject the resignation or initiate broader talks, with a decision expected soon.