Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Luxembourg 05 05 - Health and income support EUR 9,057,000,000 10,018,805,310
Luxembourg 05A 05A - Health support EUR 194,000,000 214,601,770 OECD. (accessed 9 May 2020).

Additional expenditures in the context of health and crisis management, notably for the procurement of medical equipment and infrastructure (up to EUR194 million).

Luxembourg 05B 05B - Income support EUR 8,863,000,000 9,804,203,540 IMF. (accessed 16 July 2020). EU (accessed 14 May 2020). Luxembourg government. (accessed 4 June 2020) Luxembourg government. (accessed 25 July 2020)

March 25: (i) EUR1.45 billion fiscal package adopted by the Parliament, including: (a) EUR400 million (0.6% of 2019 GDP) coverage of employees’ leave for family reasons, (b) EUR1 billion (1.6% GDP) paying partial-unemployment benefits, and (c) EUR50 million (0.1% percent of 2019 GDP) providing non-repayable financial aid to micro enterprises; (ii) Part of the fiscal package adopted by the Parliament: Postponing tax and social-security contribution payments for the first two quarters of the year (EUR4.5 billion); April 30, EUR2.257 billion fiscal package has been partly adopted by the Parliament, including spending measures: Key spending measures include: (a) acquiring medical equipment and infrastructure (EUR194 million, 0.3% of 2019 GDP); (b) covering employees’ leave for family reasons (EUR226 million, 0.4% of 2019 GDP) and sick leave (EUR106 million, 0.2% of 2019 GDP); (c) paying partial-unemployment benefits (EUR1 billion, 1.6% of 2019 GDP); (d) granting capital advances to cover companies’ operating costs (EUR400 million, 0.6% of 2019 GDP); and (e) providing non-repayable financial aid to micro enterprises and eligible self-employed (EUR250 million, 0.4% of 2019 GDP); (iii) Liquidity support measures include postponing tax and social-security contribution payments for the first half of the year (EUR4.55 billion); (iv) EUR800 million estimated as total cost of the following measures: (a) cash grants to companies in heavily affected sectors that still do not have authorization to reopen, (b) lump-sum stimulus for SMEs in retail trade, (c) doubling the cost-of-living-allowance and introducing a family-support leave, and (d) investment aid for development, process/organizational innovation, or energy efficiency projects; (iv) No amount/estimate: July 9, the government announced a series of measures to fight unemployment by providing support for unemployed people of advanced age and incentives for businesses to further educate young workers, and making professional training programs more accessible to young workers; (v) No amount/estimate: July 22, Approved a new aid instrument to cover up to 50% of investments in companies suffering from the impact of the COVID-19 crisis.

Luxembourg 09 09 - International Assistance Provided EUR
Luxembourg 09A 09A - Swaps EUR
Luxembourg 09B 09B - International loans/grants EUR
Luxembourg 11 11 - Other Economic Measures EUR OECD. (accessed 30 April 2020); WTO. (accessed 28 May 2020); RTL. (accessed 9 May 2020)

(i) Temporary suspension of refunds for cancelled package holidays in support of travel agents; (ii) Commitment by Luxembourg banks to offer a 6-month moratorium on loans for SMEs, self-employed and liberal professionals; (iii) The Luxembourg authorities issued guidance on COVID19-related financial crime and AML/CT issues; (iv) To finance measures, the government issued a EUR2.5 billion bond (3.9% of 2019 GDP) at a negative interest rate. One quarter of the lenders come from the insurance sector. The other investors are based in the eurozone, Great Britain, and Switzerland; (v) Bilateral agreements with France and Belgium regarding the taxation of cross-border workers resorting to telework in the context of the current crisis.