Luxembourg Government Spending2022 Data - 2023 Forecast - 1995-2021 Historical

Name: Luxembourg Government Spending
Creator: TRADING ECONOMICS
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Keywords: Luxembourg,Government Spending,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Government Spending in Luxembourg increased to 2833.90 EUR Million in the fourth quarter of 2021 from 2765 EUR Million in the third quarter of 2021. source: STATEC, Luxembourg

Government Spending in Luxembourg averaged 1829.18 EUR Million from 1995 until 2021, reaching an all time high of 2833.90 EUR Million in the fourth quarter of 2021 and a record low of 1144.80 EUR Million in the first quarter of 1995. This page provides - Luxembourg Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg Government Spending - values, historical data and charts - was last updated on May of 2022.

Government Spending in Luxembourg is expected to be 2836.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Government Spending is projected to trend around 2986.00 EUR Million in 2023 and 3061.00 EUR Million in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Government Debt to GDP	24.40	24.80	percent of GDP	Dec 2021
Government Budget	0.90	-3.40	percent of GDP	Dec 2021
Government Spending	2833.90	2765.00	EUR Million	Dec 2021
Government Revenues	28033.50	28381.20	EUR Million	Dec 2020
Fiscal Expenditure	30653.70	26877.00	EUR Million	Dec 2020

Luxembourg Government Spending

Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.