Luxembourg - Public finance



The budget of the Luxembourg government is presented to the Chamber of Deputies late in each calendar year and becomes effective the following year. Government finances are generally strong, and budgets are usually in surplusS

The US Central Intelligence Agency (CIA) estimates that in 2002 Luxembourg's central government took in revenues of approximately $5.5 billion and had expenditures of $5.5 billion including capital expenditures of $760 million.

The following table shows an itemized breakdown of government revenues and expenditures. The percentages were calculated from data reported by the International Monetary Fund. The dollar amounts (millions) are based on the CIA estimates provided above.

Luxembourg

REVENUE AND GRANTS 102.3% 5,629
Tax revenue 91.6% 5,036
Non-tax revenue 8.0% 438
Capital revenue 0.2% 10
Grants 2.6% 144
EXPENDITURES 100.0% 5,671
General public services 10.2% 562
Defense 1.9% 107
Public order and safety 1.7% 96
Education 10.3% 566
Health 2.3% 124
Social security 52.3% 2,878
Housing and community amenities 3.1% 169
Recreation, cultural, and religious affairs 1.6% 90
Economic affairs and services 13.3% 732
Other expenditures 5.9% 327
Interest payments 0.4% 20
Also read article about Luxembourg from Wikipedia

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