The Luxembourgish state recorded a €521 million deficit for the first nine months of 2025, a result which Finance Minister Gilles Roth described as "generally good" amid a significant increase in public investment.

On Tuesday, Minister of Finance Gilles Roth presented the Luxembourgish state's financial situation as of 30 September 2025, to members of the Chamber of Deputies' Finance and Budgetary Implementation Committees.

The report showed that the Central Administration's revenues reached €21.7 billion, an increase of nearly €590 million compared to the same period in 2024. This was primarily driven by contributions, which brought in €10.7 billion – a 1% year-on-year increase. Registration duties and VAT accounted for a further €5.9 billion.

Conversely, expenditure by the Central Administration amounted to €22.3 billion, an increase of €1.6 billion from the previous year. Authorities characterised the high spending as a "proactive approach by the government", highlighting a significant boost in public investment, which rose by €649.3 million, or 29.6%.

As a result, Minister Roth reported a deficit of €521 million. He described the overall financial development as "generally good", while adding that he remains "cautiously optimistic for the future".

The presentation of the 2026 budget is scheduled for Wednesday at 9am.