Luxembourg recorded a government budget deficit of 2620.20 EUR Million in 2020. source: Banque Centrale Du Luxembourg

Government Budget Value in Luxembourg averaged 519.21 EUR Million from 1995 until 2020, reaching an all time high of 1841.40 EUR Million in 2018 and a record low of -2620.20 EUR Million in 2020. This page provides - Luxembourg Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg Government Budget Value - values, historical data and charts - was last updated on September of 2021.

Government Budget Value in Luxembourg is expected to reach 950.23 EUR Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Government Budget Value is projected to trend around 950.23 EUR Million in 2022, according to our econometric models.

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Luxembourg Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-2620.20 1504.20 1841.40 -2620.20 1995 - 2020 EUR Million Yearly
Current Prices, NSA

Luxembourg Government Last Previous Highest Lowest Unit
Government Debt to GDP 24.90 22.00 24.90 7.40 percent of GDP [+]
Government Budget -4.10 2.40 5.60 -4.10 percent of GDP [+]
Government Budget Value -2620.20 1504.20 1841.40 -2620.20 EUR Million [+]
Government Spending 2487.00 2396.70 2487.00 958.10 EUR Million [+]
Government Spending to GDP 47.80 42.30 47.80 37.80 percent of GDP [+]
Government Revenues 28033.50 28381.20 28381.20 6838.20 EUR Million [+]
Fiscal Expenditure 30653.70 26877.00 30653.70 6417.20 EUR Million [+]
Military Expenditure 479.00 429.00 479.00 25.70 USD Million [+]
Credit Rating 100.00 [+]
Asylum Applications 75.00 85.00 430.00 25.00 persons [+]

Luxembourg Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.