Eurogroup statement on the updated draft budgetary plan of Luxembourg for 2019


The Eurogroup welcomes Luxembourg’s submission of an updated draft budgetary plan (DBP) for 2019, as requested in its statement of 4 December 2018, as well as the Commission opinion issued on 22 March 2019.

The Eurogroup welcomes that Luxembourg’s plans are deemed to be compliant with the requirements of the preventive arm of the Stability and Growth Pact (SGP) in 2019. Luxembourg has outperformed its medium term objective and has used its favourable budgetary situation to sustain investment and growth.

We will continue to monitor euro area member states’ fiscal and economic policies, as well as the budgetary situation of the euro area as a whole.