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Individual country notes assessing how regions and cities contribute to national growth and the well-being of society.
These country notes provide detailed quantitative and qualitative information on regional performance, institutions and policy settings in OECD members. They include a description of the country's administrative structure, regional policies and the contribution of regions to national growth.
The Croation Ministry of Finance hosted the 7th annual meeting of OECD-CESEE Senior Budget Officials. Topics included budget reviews of Ukraine and Montenegro.
The Luxembourg Ministry of Finance hosted the 32nd annual meeting of OECD Senior Budget Officials. Main topics included an overview of the Luxembourg budgeting system and consolidation plans to restore public finances in OECD countries.
The future growth path in Luxembourg is likely to be weaker than in the past. Pension reform, together with fiscal consolidation, is required to put the public finances on a sustainable footing, while adaptability of the labour market need to be improved.
Luxembourg is today one of the main international centres for investment funds. Besides the sector’s direct and indirect employment effects, the most important effect is the large tax revenue generating capacity of the sector, accounting directly for over 20% of aggregate tax revenues.
Luxembourg has brought about a profound change for the better in its economy. What can be done to ensure these changes continue in the long term and in co-operation with its neighbours? The OECD Territorial Review of Luxembourg explores these questions.