In the press
On perusing the hundreds of pages of the two draft bills on the 2027 budget and the multi-annual programme, presented on 7 October by the Minister for Finance, it becomes clear that 2027 will be a historic year for the Luxembourg economy. For the first time, our GDP is expected to exceed the symbolic threshold of €100bn. One might be tempted to welcome this. However, we must acknowledge that, for many years now, the increase in GDP in value terms has been driven more by inflation than by real growth. What the budget also tells us is that, in 2027, our public expenditure will exceed the €50bn mark for the first time.