Luxembourg recorded a Government Budget deficit equal to 4.10 percent of the country's Gross Domestic Product in 2020. source: STATEC, Luxembourg

Government Budget in Luxembourg averaged 1.68 percent of GDP from 1995 until 2020, reaching an all time high of 5.60 percent of GDP in 2001 and a record low of -4.10 percent of GDP in 2020. This page provides - Luxembourg Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg Government Budget - values, historical data and charts - was last updated on January of 2022.

Government Budget in Luxembourg is expected to reach -1.70 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Government Budget is projected to trend around -0.60 percent of GDP in 2022 and -0.40 percent of GDP in 2023, according to our econometric models.

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Luxembourg Government Budget

Related Last Previous Unit Reference
Government Debt to GDP 24.90 22.00 percent of GDP Dec/20
Government Budget -4.10 2.40 percent of GDP Dec/20
Government Spending 2768.60 2777.50 EUR Million Sep/21
Government Revenues 28033.50 28381.20 EUR Million Dec/20
Fiscal Expenditure 30653.70 26877.00 EUR Million Dec/20
Luxembourg Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.