The government formation in Belgium faces challenges as negotiations fail to reach consensus on key points such as capital gains tax. Bart De Wever, leader of the nationalist Flemish party N-VA, has resigned from his role as negotiator.
King Philippe has accepted his resignation and will commence new discussions with party leaders to find a new majority. Belgium needs to form a government in order to submit its federal budget to the European Commission by September 20, 2024. The country risks surpassing its previous record of 592 days without an elected government.
The complexities of government formations in Belgium, which involve multiple parties representing different regions, contribute to the protracted process. Max Prévot, a Christian Democrat, has been appointed as the new mediator to facilitate discussions and forge a coalition with conservatives, liberals, and social democrats from both Wallonia and Flanders.
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