Luxembourg’s public debt will increase
The State Treasury has successfully placed a bond issue of 3 billion euros, to expand the liquidity of the State, to anticipate the future evolution of the markets and in particular of the interest rates, indicates this Thursday, the Ministry of Finance.
The public debt will amount, after this loan, to approximately 21.9 billion euros, ie a ratio of 26.4% of GDP. “It should be noted, however, that on July 10, 2023, Luxembourg will have to repay a loan of 2 billion euros, contracted in 2013, notes the ministry. This loan is therefore also used to pre-finance this repayment. The level of debt will decrease at this time to approximately 19.9 billion euros, or 24% of GDP. The trajectory provided for in the 2023 budget therefore remains fully respected”.