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The National Council of Public Finance (CNFP) - the independent institution monitoring the public finances of Luxembourg - presents its latest "Assessment of Public Finances". The assessment has been prepared on the basis of the draft budget for 2022 as well as the draft multi-annual financial programming law for 2021-2025.
In accordance with the provisions of the 12 July 2014 law, the CNFP has assessed compliance with the structural balance rule on the basis of the figures transmitted to the European Commission (Eurostat) in the so-called “EDP notifications”.
In May 2021, the AWG of the EC has published updated demographic, economic and budgetary projections for EU member states within the framework of the AR 2021. In this context, the CNFP has just published an Assessment of long-term fiscal sustainability, its third evaluation of this kind and that follows two earlier evaluations from October 2017 and June 2018.
In accordance with the provisions of the 12 July 2014 law, the CNFP has assessed compliance with the structural balance rule on the basis of the figures transmitted to the European Commission (Eurostat) in the so-called “EDP notifications”.
Find out more about the tasks, functioning and work programme of the National Council of Public Finance.
The CNFP is an independent body monitoring fiscal rules as well assessing macroeconomic and budgetary forecasts.
Feel free to contact us to find out more about the CNFP.