Luxembourg: Selected Issues

May 9, 2014

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Luxembourg: Selected Issues, (USA: International Monetary Fund, 2014) accessed December 26, 2024

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.

Subject: Banking, Economic sectors, Expenditure, Financial institutions, Financial sector, Housing prices, Labor, Mutual funds, Prices, Wages

Keywords: Bank, Bank assets, Banks provision, CR, Diversification effort, Financial sector, Global, Housing prices, Indexation, Indexation agreement, ISCR, Labor market, Luxemburg, Mutual funds, Parent bank, Real estate, Wage earnings, Wage level, Wages

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/119
Stock No:

1LUXEA2014002
ISBN:

9781484378649
ISSN:

1934-7685

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