Luxembourg: Selected Issues

Publication Date: May 09, 2014
Electronic Access: Free Full text (PDF file size is 1,133KB).
Use the free Adobe Acrobat Reader to view this PDF file

Summary: This Selected Issues Paper analyzes the fiscal position and significant challenges for Luxembourg. Luxembourg’s fiscal position is currently sound, however, fiscal safety buffers are being eroded. The country’s healthy fiscal position will be challenged by forthcoming revenue losses as well as rapid trend growth in expenditures. An overall strategy to address this coming deterioration is needed. Beyond the planned value-added tax increase, recurrent property taxes are a possible additional source of revenue. On expenditures, social benefits should be an area of focus, and reforms of these benefits should also aim to reduce disincentives to work.
Series: Country Report No. 14/119
Subject(s): Fiscal policy | Revenues | Government expenditures | Labor market policy | Global competitiveness | Housing prices | Financial sector | Banks | Selected issues | Luxembourg

Publication Date: May 09, 2014
ISBN/ISSN: 9781484378649/1934-7685 Format: Paper
Stock No: 1LUXEA2014002 Pages: 60
US$18.00 (Academic Rate:
US$18.00 )
Please address any questions about this title to