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 2018 as well as the draft multiannual financial programming law for 2017-2021.
Yves Nosbusch has been reelected as President of the Council until November 6, 2018, when the mandate of the current members of the Council will end.
In application of the tasks conferred to it under the 12 July 2014 law on the coordination and governance of public finances (12 July 2014 law), the National Council of Public Finance (CNFP) presents in this document its assessment of the long-term sustainability of public finances in the face of a projected increase in age-related expenditures.
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.
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