Luxembourg Government Budget
Luxembourg recorded a Government Budget surplus equal to 0.10 percent of the country's Gross Domestic Product in 2013. Government Budget in Luxembourg averaged 1.83 Percent of GDP from 1995 until 2013, reaching an all time high of 6.10 Percent of GDP in 2001 and a record low of -1.10 Percent of GDP in 2004. Government Budget in Luxembourg is reported by the Eurostat.
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Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Luxembourg Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.