Luxembourg recorded a government budget deficit of 992.90 EUR Million in 2023. Government Budget Value in Luxembourg averaged 449.74 EUR Million from 1995 until 2023, reaching an all time high of 1789.70 EUR Million in 2018 and a record low of -2222.40 EUR Million in 2020. source: Banque Centrale Du Luxembourg

Related	Last	Previous	Unit	Reference
Asylum Applications	165.00	170.00	persons	Aug 2024
Credit Rating	100.00			Nov 2024
Fiscal Expenditure	38144.80	34024.30	EUR Million	Dec 2023
Government Budget	-1.30	-0.30	percent of GDP	Dec 2023
Government Budget Value	-992.90	-222.30	EUR Million	Dec 2023
Government Debt to GDP	25.70	24.70	percent of GDP	Dec 2023
Government Revenues	37151.90	33802.00	EUR Million	Dec 2023
Government Spending	3064.11	3014.26	EUR Million	Jun 2024
Government Spending to GDP	47.90	43.80	percent of GDP	Dec 2023
Holidays
Military Expenditure	662.50	509.90	USD Million	Dec 2023

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.