Dutch report calls for $176 billion tech spend, jobless benefit cuts

Dutch report calls for $176 billion tech spend, jobless benefit cuts | Global Banking & Finance Review | GBAF

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Home > Finance > Dutch report calls for $176 billion tech spend, jobless benefit cuts

Finance

Dutch report calls for $176 billion tech spend, jobless benefit cuts

Published by Global Banking and Finance Review

Posted on December 12, 2025

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Tags:innovation recommendations economic growth technology unemployment rates

By Toby ‌Sterling

AMSTERDAM, Dec 12 (Reuters) - The Netherlands should sharply increase technology investment and ‍shake up ‌its labour market to safeguard the EU country's long-term prosperity, a government-commissioned report ⁠said.

Friday's recommendations on how to revive ‌weak productivity growth by former ASML CEO Peter Wennink echo those on European Union competitiveness in the 2024 Draghi report.

Draghi called for spending 150 billion euros ($176 billion)over the next ⁠decade to attract investment in projects from AI data centres to drones and small modular nuclear reactors.

The report by Wennink, who in 2023 described the Netherlands ‌as becoming "fat, dumb and happy", is ⁠expected to influence ongoing coalition talks on forming a new Dutch government.

Rob Jetten of the centrist D-66 party, who as election winner is in position to become Dutch prime minister, told news agency ANP he would like to "grab the report with both hands".

Wennink, who stepped down as ASML CEO in 2024 after a decade in which the computer chip equipment supplier became Europe's largest technology ‍company by market value, was asked to advise the government in part because of his reputation for bluntness.

His report said achieving annual economic growth better than current forecasts of 0.5% is becoming unattainable as low-productivity jobs at "staffing agencies, slaughterhouses and cleaning companies" make up a growing share of the economy.

Major Dutch companies including Shell and Unilever have ⁠shifted operations out of the Netherlands in recent years, citing a hostile business climate.

Wennink's proposals include paying farmers to close dairy farms to solve a long-running dispute over nitrogen emissions that is hampering construction, an issue that affects ASML.

He also said that despite the country's anti-immigrant mood, it should welcome skilled migrants. Meanwhile, companies should ‌have more freedom to fire workers, and paid unemployment benefits should be cut to one year from two.

($1 = 0.8531 euros)

(Reporting by Toby Sterling; Editing by Alexander Smith)

Frequently Asked Questions about Dutch report calls for $176 billion tech spend, jobless benefit cuts

1What is technology investment?

Technology investment refers to the allocation of resources, typically financial, towards the development and implementation of new technologies to improve productivity and efficiency in various sectors.

2What is economic growth?

Economic growth is the increase in the production of goods and services in an economy over a period, typically measured by the rise in Gross Domestic Product (GDP).

3What are skilled migrants?

Skilled migrants are individuals who move to another country for work, possessing specific skills or qualifications that are in demand in the labor market of the host country.

4What is productivity growth?

Productivity growth refers to the increase in the efficiency of production, measured as the output per unit of input over time. It is crucial for improving economic performance.