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November 21st, 2008

Dutch stimulus package advances

Posted: 03:06 PM ET

(CNN) - The Dutch government on Friday approved an economic stimulus package worth up to 8 billion euros ($10 billion) to help the country cope with the global financial crisis.

The package now moves to the parliament for approval.

Unlike some other stimulus programs around the world, the Dutch program would not offer money directly to taxpayers. It would offer a tax deduction to companies that make large investments and would provide funds to companies that hire workers for short periods of time. It would also pay for the creation of a government program to find jobs for the unemployed, the Dutch prime minister's office said Friday.

The package could range between 4 billion and 8 billion euros ($5 billion to $10 billion), depending on the number of companies that take part, the prime minister's office said.


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