As of 30 June 2023, the entirety of Luxembourg’s central administration has brought in revenues of almost €12.9bn, a year-on-year rise of more than 5%, although spending rose by nearly a fifth, the country’s finance ministry announced on Monday.
Luxembourg Reports Central Government Deficit of €87m in Q1 2023 chronicle.lu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chronicle.lu Daily Mail and Mail on Sunday newspapers.
First quarter revenue increased by 2.3%, but was outpaced by central government’s expenses, resulting in a net deficit of €87m, as reported by the minister of finance Yuriko Backes (DP).