Does Luxembourg live above its means?
For the second time, Adrien Loesch gets together with Vincent Hein, Director at IDEA, to discuss the current and future challenges that Luxembourg is facing when it comes to public spending habits.
Episode highlights:
– Fundamental differences between managing individual finances and a state budget
– Factors contributing to the rapid growth of public expenses in Luxembourg (6% nominally)
– Luxembourg’s good short-term fiscal indicators are not a predicament for long-term performance
– Why Luxembourg’s pension system needs to be reformed
– Shift towards a more strategic state that invests more and spends less, targeting social expenses effectively
– Recommendations for policy makers, civil servants and citizens to address it
>> Read more on the LuxUnplugged website and enjoy the podcast!
