Minister of Finance Gilles Roth presented the state's financial status as of 30 September to the relevant parliamentary committee, in preparation for the upcoming 2025 state budget.

Ahead of the presentation of the 2025 state budget, Minister of Finance Gilles Roth addressed the relevant parliamentary committee to discuss the financial situation as of 30 September.

During his presentation, Minister Roth announced that alongside the 2025 state budget, the government will introduce additional measures to stimulate the sale of properties under construction or sold off-plan (VEFA). He noted that existing measures have led to an increase in sales of existing homes compared to 2023, although he acknowledged that the same progress has not been made in the VEFA market.

To address this, Roth indicated that further measures to stimulate the VEFA sector will be announced tomorrow, in addition to existing provisional measures set to remain in effect until the end of the year.

These upcoming measures will also be time-limited, according to Minister Roth. He also hinted at possible announcements regarding excise duties on Wednesday, stating that he can "rule out" at this stage any reductions in the prices of cigarettes and petrol.

Roth emphasised that the government would continue to adhere to the National Environment and Climate Plan (PNEC) established under the previous government. Additionally, he stated that the government "heard" the Chamber of Deputies' concerns regarding tobacco and health policy.

State finances as of 30 September 2024

Revenues

During his report to the parliamentary committee, Roth highlighted that state revenues increased by 14% compared to 2023, primarily due to Cargolux paying taxes from the pandemic years, which were economically highly lucrative for the company.

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Expenditures

Expenditures rose by 7% in the first nine months of the year compared to the previous year. The finance minister described a positive "scissor effect," suggesting that the deficit would decrease relative to the budget. "It's going uphill, but we're not over the mountain yet," Roth stated.

RTL