EU
Commission adopts Opinion on Luxembourg's updated #DraftBudgetaryPlan
The European Commission has adopted its Opinion on the updated Draft Budgetary Plan of Luxembourg and found the updated Plan for 2019 to be fully compliant with the rules of the Stability and Growth Pact. Nonetheless, the Commission invites the authorities to accelerate progress on the structural part of the fiscal recommendations addressed to them by the Council last July. Following general elections on 14 October 2018, a new government took office in Luxembourg on 5 December 2018 and submitted an updated Draft Budgetary Plan for 2019 on 5 March 2019. It updates the no-policy change Draft Budgetary Plan presented by the outgoing government on 15 October 2018. Luxembourg is currently subject to the preventive arm of the Stability and Growth Pact.
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