State treasury2020 budget project first to exceed €20 billion

RTL Today
Minister of Finance Pierre Gramegna will submit the 2020 budget project to the Chamber of Deputies. This is the first budget to go over the total of €20 billion.
© RTL Archivbild

The 2019 state budget had a total over €19 million, but it appears its successor will breach the €20 million mark with its totality of both expenses and income.

Gramegna is due to present a project with an emphasis of climate protection to MPs, as promised in Prime Minister Bettel's State of the Nation address. How the budget breaks down into taxes, other costs, and investments, remains to be seen. All we know at this stage is that investments will continue to increase.

The complete budget, which includes municipal budgets and the social security funds, will have an excess in state debts. The central state (which simply comprises the state, and not the municipal budgets or social security funds) will have a deficit, but it will be a smaller deficit than in previous years.

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