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Country or Region: Luxembourg › Change country
Economic Indicator: Total Government Gross Debt (National Currency) › See all Luxembourg indicators, › See Total Government Gross Debt (National Currency) data for all countries
Detailed Analysis for Year: 2010 › Change year
Full Dataset: from 1980 to 2016
Dataset updated: 1st August 2011
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Euro
Currency Symbol: EUR

Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2010 Fiscal assumptions: Projections for 2010 are based on the 2010 budget and recently announced measures. During 2009 the authorities allowed the fiscal stabilizers to play a full role and implemented stimulus measures amounting to 1.2 percent of GDP. A further expansion of public expenditures amounting to 1 percent of GDP is envisaged for 2010. The projected balance of the general government for 2010 is also based on a drop of tax revenues by 0.2 percent of GDP. Staff?s projection for the outlook currently assumes that the authorities will meet their fiscal targets. Start/end months of reporting year: January/December GFS Manual used: 2001 Basis of recording: Noncash (accrual) General government includes: Central Government;Local Governmen

Total Government Gross Debt (National Currency) for Luxembourg is EUR 6.858 Billion.

In the previous year, 2009, Total Government Gross Debt (National Currency) for Luxembourg was EUR 5.53 Billion Total Government Gross Debt (National Currency) for Luxembourg in 2010 was or will be 24.08% more than it was or will be in 2009.

In the following or forecasted year, 2011, Total Government Gross Debt (National Currency) for Luxembourg was or will be EUR 8.05 Billion, which is 17.41% more than the 2010 figure.