The Dutch right-wing cabinet is cutting spending on tackling problematic debt from 2029, meaning a number of projects aimed at helping people regain control of their finances will have to stop, broadcaster Nu.nl reported on Friday.
News of the cuts comes as junior social affairs minister Jurgen Nobel launched a campaign to warn young people about the risks of “buy now, pay later” schemes, and Amsterdam unveiled its own plans to support families facing financial difficulties.
Nobel said in October that he planned to spend €75 million a year on tackling debt, of which €20 million would go to local authorities to help them identify the families most in need.
Some 700,000 people in the Netherlands are estimated to have problematic…
