Belgium's premier cancels policy speech amid budget impasse

Belgian Prime Minister Bart De Wever called off his planned state of the union address to parliament on Tuesday due to an ongoing deadlock over the national budget.

The decision highlights unresolved fiscal disagreements within the governing coalition. De Wever postponed the parliamentary presentation after coalition leaders failed to reach a consensus on budgetary policy ahead of the deadline. Negotiations are anticipated to resume as ministers work toward a compromise on public spending and revenue measures before rescheduling the policy speech to lawmakers.

Sources: Bloomberg