Gilles Roth served in the government and held the portfolio of Finances during the sittings recorded here.
\nSpoke on bills: PL7511, PL8068, PL8185, PL8257, PL8258, PL8276, PL8282, PL8289, PL8290, PL8291, PL8292, PL8311, PL8314, PL8330, PL8333, PL8338, PL8340, PL8343, PL8344, PL8353, PL8383, PL8384, PL8387, PL8388, PL8396, PL8400, PL8401, PL8403, PL8414, PL8415, PL8422, PL8425, PL8444, PL8445, PL8451, PL8460, PL8470, PL8498, PL8519, PL8526, PL8537, PL8538, PL8540, PL8547, PL8556, PL8567, PL8590, PL8592, PL8600, PL8601, PL8615, PL8616, PL8621, PL8627, PL8628, PL8633, PL8640, PL8655, PL8692.
\nSittings spoken in: 53.
\n14 March 2024 — the minister warning that the change does not legalise unlawful conversions
\n\n\nEt soll net dobausse gemengt ginn, dass mat dem Fait, dass hei déi Obligatioun vun deem Cadastre vertical géif ewechfale mat dem Delai, kéinte Situatioune regulariséiert ginn, déi illegal sinn!
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Nobody outside should think that, because the cadastre vertical obligation falls away with the deadline, situations that are illegal could be regularised!
\n\n24 April 2024 — stating the government's short-term aim of preventing a deeper crisis in the building sector
\n\n\nFir d’Regierung gëllt et elo, déi kuerzfristeg Moossnamen ze huelen, déi néideg sinn, fir eng Verschäerfung, wéi ech et gesot hunn, vun der Kris am Bausecteur ze verhënneren, fir d’Demande kuerzfristeg och nei unzekuerbelen.
\n
For the government it is now a matter of taking the short-term measures that are needed to prevent a worsening, as I said, of the crisis in the building sector, and to revive demand in the short term.
\n\n18 December 2024 — reporting the chamber of commerce figure for the dwellings the country needs each year
\n\n\nLaut Zuele vun der Handelskummer missten all Joer tëschent 6.000 a 7.500 Wunnenge fäerdeggestallt ginn.
\n
According to figures from the chamber of commerce, between 6,000 and 7,500 dwellings would have to be completed every year.
\n\n18 December 2024 — rejecting the claim that the housing policy lacks ambition
\n\n\nEch ginn Iech och net Recht, Madamm Tanson, wann Der sot, et wier net eng ambitiéis Politick um Niveau vun dem Logement.
\n
I also do not agree with you, Mrs Tanson, when you say that it is not an ambitious policy at the level of housing.
\n\n2 April 2025 — stating that the package should not be extended beyond 30 June 2025
\n\n\nEch sinn der Meenung, dass dee Pak, dee mer hunn, net iwwert den 30. Juni 2025 sollt verlängert ginn!
\n
I am of the opinion that the package we have should not be extended beyond 30 June 2025!
\n\n25 June 2025 — stating his own view that housing policy must break taboos
\n\n\nEch si perséinlech der Meenung, ech soen dat dann esou, well ech net fir déi aner Kolleege ka schwätzen, dass ee méi ka maachen, wann ee verschidden Tabue brécht.
\n
I am personally of the opinion, and I say it that way because I cannot speak for the other colleagues, that one can do more if one breaks certain taboos.
\n\n8 July 2025 — stating figures for new-build sales deeds in 2025 against 2024
\n\n\nÄnlech gesäit et och bei den Neibauten aus, dat heescht, déi sougenannte VEFAen: 2025 goufe 522 Neibauten aktéiert géintiwwer 273 am vergläichbaren Zäitraum 2024.
\n
It looks similar for new builds, that is the so-called VEFAs: in 2025, 522 new builds were notarised against 273 in the comparable period of 2024.
\n\n8 July 2025 — stating figures for sale agreements registered in June 2025
\n\n\nAbee, laut de provisoreschen Zuele vun der Enregistrementsverwaltung goufen tëschent dem 1. Juni an dem 30. Juni 2025 – haalt Iech gutt un! – 2.150 Compromis-de-venten aktéiert a 570 Reservéierungsverträg, dat heescht an 30 Deeg.
\n
Well, according to the provisional figures of the registration administration, between 1 June and 30 June 2025 - hold on tight! - 2,150 sale agreements and 570 reservation contracts were recorded, that is in 30 days.
\n\n14 December 2023 — stating that the higher tax credit is socially targeted
\n\n\nEch wëll awer och preziséieren, dass dee Steierkreditt vun 168 Euro natierlech net fir jiddwereen zielt, mee en ass sozial cibléiert.
\n
I want to make clear, though, that the tax credit of 168 euros of course does not apply to everyone, but is socially targeted.
\n\n19 December 2023 — answering the debate as finance minister and stating the government's approach of state and companies acting together
\n\n\nDat ass eng Approche, déi dës Regierung sech op de Fändel geschriwwen huet, dat Zesummespill vun dem Staat zesumme mat den Entreprisen, fir déi Zilsetzungen, déi mer eis gemeinsam ginn hunn, kënnen ze erreechen.
\n
That is an approach this government has written on its flag: the interplay of the state together with companies, to reach the targets we have set ourselves jointly.
\n\n20 December 2023 — answering the question on tax class 1a by citing the government programme commitment
\n\n\nDe Regierungsprogramm hëlt awer en attendant – an dat steet och ganz kloer dran – d’Engagement, dass an där Transitiounsphas d’Leit an der Steierklass 1a schonns virdru weider a verstäerkt entlaascht ginn.
\n
In the meantime the government programme makes the commitment, and it says so very clearly, that during this transition phase people in tax class 1a will be relieved further and more strongly beforehand.
\n\n30 January 2024 — stating the government's position that the directive must not disadvantage Luxembourg as a location
\n\n\nAn ech soe kloer als Finanzminister: Mir wëllen net, dass duerch déi doten Direktiv Lëtzebuerg e Standortnodeel huet oder sollt kréien.
\n
And I say clearly, as finance minister: we do not want Luxembourg to have, or to get, a locational disadvantage through this directive.
\n\n30 January 2024 — answering that he does not expect the directive to be concluded this year
\n\n\nÄr nächste Froe waren déi: Kënnt et dëst Joer nach zu engem Ofschloss vun där Direktiv? Ech gi perséinlech net dervun aus.
\n
Your next questions were these: will the directive still be concluded this year? Personally, I do not expect so.
\n\n27 February 2024 — answering the criticism by stating the government wants to widen the treaty network
\n\n\nMir sinn der Meenung, dass mer als klengt, mee modernt Land, e Land, vun deem mer wëssen, dass dat och vun eiser Finanzindustrie, mee net nëmme vun där, lieft, de Reseau vun den Duebelbesteierungsofkommesse weltwäit net reduzéieren, mee méi grouss maache wëllen.
\n
We are of the view that, as a small but modern country which we know lives from our finance industry, though not only from it, we want not to reduce but to widen the network of double taxation treaties worldwide.
\n\n19 March 2024 — the finance minister stating that the government's tobacco policy is incoherent
\n\n\nJo, ech soen Iech riichteraus: Dat, wat mer maachen, ass inkohärent.
\n
Yes, I tell you straight out: what we are doing is incoherent.
\n\n14 May 2024 — stating the purchase price up to which a couple pays no registration duties
\n\n\nBis 1,14 Milliounen Euro bezilt eng Koppel keng Enregistrementskäschten, wa se eppes kafe geet.
\n
Up to 1.14 million euros a couple pays no registration duties when they buy something.
\n\n13 November 2024 — answering the calls for figures in the debate with the number of very high taxable incomes in Luxembourg
\n\n\nMir haten hei zu Lëtzebuerg an de leschte Besteierungsjore just eppes méi wéi 300 Leit mat engem versteierbare Joresakommes vun iwwer enger Millioun Euro.
\n
Here in Luxembourg, in the last tax years, we had just over 300 people with a taxable annual income of more than one million euros.
\n\n21 November 2024 — stating how many double taxation agreements Luxembourg has now concluded
\n\n\nDat heescht, mir ginn e weidere Schrëtt virun an déi richteg Richtung, well dat hei sinn d’Duebelbesteierungsofkommessen Nummer 90 an 91, déi Lëtzebuerg gemaach huet.
\n
That means we take a further step in the right direction, because these are double taxation agreements number 90 and 91 that Luxembourg has made.
\n\n11 December 2024 — summarising what the package delivers for households and businesses
\n\n\nDe Motto „méi Netto vum Brutto“ gëtt hei ëmgesat a virun allem gëtt och d’Kompetitivitéit vun de Betriber gestäerkt.
\n
The motto 'more net from gross' is put into practice here and, above all, the competitiveness of businesses is strengthened.
\n\n18 December 2024 — presenting the corporate tax cut in the relief package
\n\n\nHär President, am Entlaaschtungs-Pak sinn och steierlech Ureizer fir méi Kompetitivitéit, doduerch eng manner héich Kierperschaftssteier vu minus 1 %. Domat leie mir nach ëmmer liicht iwwert der OECD-Moyenne.
\n
The relief package also contains tax incentives for more competitiveness, and therefore a corporate tax lower by 1 %. With that we are still slightly above the OECD average.
\n\n18 December 2024 — stating the aim of the tax table adjustment
\n\n\nMir wëlle mat dëser Upassung vun der Steiertabell virun allem eppes erreechen: dass mer der kaler Progressioun entgéintwierken.
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With this adjustment of the tax table we want above all to achieve one thing: that we counteract cold progression.
\n\n18 December 2024 — answering the demand for higher top rates by ruling them out
\n\n\nD’Progressivitéit, déi hale mer bäi. Eng Erhéijung vun de Spëtzesteiersätz, dozou kënnt et net. A mir féieren och keng Verméigenssteier bei de Privatpersounen erëm an.
\n
We keep progressivity. An increase of the top tax rates will not happen. And we are not reintroducing a wealth tax on private persons either.
\n\n19 December 2024 — stating the government's position on adapting the minimum tax rules
\n\n\nAn dat heescht am Kloertext: Wann anerer d’Reegele wëllen upassen, da wäerte mir eis am Kontext vun der Europäescher Unioun net do dergéint stäipen.
\n
And that means in plain words: if others want to adapt the rules, then we will not brace ourselves against it in the context of the European Union.
\n\n22 January 2025 — answering the question raised by the Chamber of Commerce about widening the treaty network
\n\n\nD’Fro vun der Chambre de Commerce ass opkomm, dass mer eise Reseau vun Duebelbesteierungsofkommes solle weider verbreederen. Also, am Moment leie mer bei iwwer 90 Konventiounen.
\n
The Chamber of Commerce raised the question of widening our network of double taxation conventions. We currently stand at over 90 conventions.
\n\n2 April 2025 — stating the government's position in favour of a minimum taxation of multinationals
\n\n\nMir wëllen eng Mindestbesteierung fir multinational Konzerner – ech soen dat nach eng Kéier: dat wëlle mer! – a mir vertrieden dat och zu Bréissel.
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We want a minimum taxation for multinational groups - I say it once again: we want that! - and we defend that in Brussels as well.
\n\n25 June 2025 — stating how many tax agreements Luxembourg has concluded
\n\n\nMir si mëttlerweil, hunn ech gesinn, bei an déi 90 Steierofkommessen, 86, 87, déi fäerdeg sinn, anerer sinn nach an der Maach.
\n
We are by now, as I saw, at close to 90 tax agreements, 86 or 87 that are finished, and others are still in the making.
\n\n25 June 2025 — explaining why the government chose Oman as a partner
\n\n\nDen Oman gëtt e bëssen als neutrale Staat am Mëttleren Orient ugesinn.
\n
Oman is seen somewhat as a neutral state in the Middle East.
\n\n15 October 2025 — explaining what the OECD Pillar 2 rules cover
\n\n\nEt geet ëm eng Minimalbesteierung vu 15 % op multinational Gruppen, déi e Chiffre d’affaires hu vu 750 Milliounen Euro oder méi, weltwäit operéierend.
\n
It is about a minimum taxation of 15% on multinational groups with a turnover of 750 million euros or more, operating worldwide.
\n\n15 October 2025 — stating a figure for the number of countries applying the Pillar 2 rules
\n\n\nEch wëll Iech soen, dass de Moment weltwäit ronn 40 Länner déi Pilier-2-Reegelung bei sech applizéieren.
\n
I want to tell you that about 40 countries worldwide currently apply the Pillar 2 rules.
\n\n19 November 2025 — stating the tax rule that housing costs are not deductible
\n\n\nFakt ass, dass d’Wunnen zu Lëtzebuerg – d’Wunnen! – steierlech net ka geltend gemaach ginn.
\n
The fact is that housing in Luxembourg, housing itself, cannot be claimed against tax.
\n\n19 November 2025 — announcing that the government does not share the approach of the motion
\n\n\nAn duerfir muss ech soen, dass mer als Regierung der Chamber selbstverständlech nolauschteren, mee mir géifen hei déi Approche net deelen.
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And therefore I must say that we as a government of course listen to the Chamber, but we would not share that approach here.
\n\n17 December 2025 — announcing that the cabinet adopted the tax reform bill
\n\n\nAn awer kann ech Iech haut soen, a wëll Iech dat och soen: De Regierungsrot huet gëschter de Steierreformprojet ugeholl.
\n
And yet I can tell you today, and I want to tell you this: the cabinet adopted the tax reform bill yesterday.
\n\n17 December 2025 — stating that the thresholds limit the measure to wealthier people
\n\n\nEt ass net e Produkt fir all Bierger. Et ass richteg, dass d’Seuilen esou ugeluecht sinn, dass eigentlech méi fortunéiert Leit dat kënne maachen.
\n
It is not a product for every citizen. It is true that the thresholds are set so that in fact more affluent people can use it.
\n\n18 December 2025 — answering the opposition demand for a tax credit instead of an allowance
\n\n\nMir kënnen net fir all Steierabattement, esou luewenswäert dat och vläicht klénge mag, Steierkreditter asetzen.
\n
We cannot replace every tax allowance, however commendable that may sound, with tax credits.
\n\n22 January 2026 — defending the bill as clarifying an existing regime
\n\n\nMee dëse Gesetzesprojet preziséiert e Regimm, dee schonns besteet, e gëtt Rechtssécherheet an e mécht et, jo, méi attraktiv.
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But this bill clarifies a regime that already exists, it gives legal certainty and it makes it, yes, more attractive.
\n\n4 March 2026 — the finance minister explaining why the extra deputy director is needed
\n\n\nMee dee brauche mer ganz einfach, fir dass den Transitiounsprozess vun der Digitalisatioun vun der Steierverwaltung och fachlech begleet gëtt.
\n
But we need him quite simply so that the transition process of the digitalisation of the tax administration is also guided professionally.
\n\n19 March 2026 — answering the criticism about the late transposition
\n\n\nEch wëll awer och emol eng Kéier soen, dass mir als Lëtzebuerger net op der Brems stinn, mee kucken, dass mer déi sëlleg a komplex Direktive bei eis an nationaalt Recht ëmsetzen.
\n
But I also want to say once that we Luxembourgers are not putting on the brakes, but see to it that we transpose the many complex directives into our national law.
\n\n24 April 2024 — stating the sum earmarked for school provision and its yearly rise
\n\n\nA genee duerfir huele mir dëst Joer an déi Joren duerno ronn véier Milliarden Euro an de Grapp – véier Milliarden Euro! –, fir déi schoulesch Offer fir eis Kanner ze garantéieren, wat eng Hausse och dëst Joer vu 14 % ass.
\n
And precisely for that reason we are taking about four billion euros in hand this year and in the years after, four billion euros, to guarantee the school provision for our children, which is a rise of 14% this year too.
\n\n1 April 2025 — the finance minister stating the aim of financial education, informed consumers and citizens who decide for themselves
\n\n\nMir wëlle virun allem, dass d’Leit als Konsument richteg agéieren, dass d’Leit och virun allem, wéi de Claude Meisch ënnerstrach huet, mündeg Bierger ginn an enger Zäit, wou d’Kompetenzen ëmmer mussen an d’Luucht goen, well d’Finanzwelt vun Dag zu Dag ännert.
\n
Above all we want people to act correctly as consumers and, above all, as Claude Meisch stressed, to become citizens who can decide for themselves, at a time when competences must keep rising, because the financial world changes from day to day.
\n\n22 January 2025 — answering the opposition motion that asked the government to table a right-to-be-forgotten bill within one year
\n\n\nEch verschléisse mech deem net, mee elo einfach aus der Hëft ze schéissen an ze soen: „Mir deposéieren elo an engem Joer e Projet de loi zu deem Punkt“, dat schéngt mer e bësse vireileg ze sinn.
\n
I am not closing the door on that, but to shoot from the hip now and say \"we will table a bill on this point within a year\" seems to me a little premature.
\n\n14 December 2023 — stating the purpose and size of the European recovery plan that the securities finance
\n\n\nHei geet et drëm, dass d’Europäesch Unioun kann e sougenannte „Plan de relance“ opleeë vu 750 Milliarden Euro.
\n
What is at stake here is that the European Union can set up a so-called recovery plan of 750 billion euros.
\n\n20 December 2023 — stating the reputational cost of missing the transposition deadline
\n\n\nEt wier fir Lëtzebuerg, den Här Fayot huet et gesot, fir eis Reputatioun sécherlech net gutt gewiescht, wa mir an esou engem weesentlechen, fundamentalen Text, dee mer haut ofstëmmen, net bei deene gewiescht wieren, déi dat fristgerecht wéi anerer ëmgesat hätten.
\n
It would certainly not have been good for Luxembourg, as Mr Fayot said, for our reputation, if on such an essential, fundamental text as the one we vote today we had not been among those who transposed it on time like others.
\n\n13 June 2024 — stating that the government adds no national conditions to EU rules
\n\n\nMee wa mer e Reglement hunn, da setze mer dat ëm a mir maachen, wéi dat esou schéin heescht, kee Goldplating, dat heescht, mir setzen net nach zousätzlech Konditiounen hei zu Lëtzebuerg drop.
\n
But when we have a regulation, we transpose it and we do, as it is nicely called, no goldplating, that is, we do not add further conditions here in Luxembourg.
\n\n3 July 2024 — answering the opposition by dating the sector request to remove article 1699
\n\n\nDéi Demande ass den 2. Oktober 2023 nach eng Kéier reiteréiert ginn, fir den Artikel 1699 vum Code civil aus dem Champ d’application vun dësem Gesetz erauszehuelen.
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That request was repeated once more on 2 October 2023, to take article 1699 of the Civil Code out of the scope of this law.
\n\n11 July 2024 — defending the cost of the 20 new posts as the price of the financial centre's reputation
\n\n\nEch ka just soen, déi 20 nei Posten, déi geschaf ginn, déi sinn et derwäert an dat ass och de Präis, dee mer mussen a solle bezuele fir d’Reputatioun vun eiser Finanzplaz, wou och déi Acteuren, déi vläicht d’Präisfro an d’Luucht setzen, vläicht am meeschten dervu profitéieren, dass mer eng Finanzplaz hunn, déi gutt fonctionéiert.
\n
I can only say that the 20 new posts being created are worth it, and that is the price we must and should pay for the reputation of our financial centre, from which those actors who raise the question of cost perhaps benefit the most, that we have a financial centre that works well.
\n\n11 December 2024 — setting out the three aims the government followed in redrawing the minimum wealth tax
\n\n\nDe politesche Wëlle vun der Regierung war, éischtens, de System an dem Liicht vun dem Arrêt vun dem Verfassungsgeriicht ze änneren, zweetens, en effikassen an einfache System bäizehalen an, drëttens, an dat soen ech ganz kloer, d’Minimalbesteierung vun de SOPARFIen net an d’Luucht ze setzen.
\n
The government's political will was, first, to change the system in the light of the Constitutional Court ruling, second, to keep an efficient and simple system and, third, and I say this quite clearly, not to raise the minimum taxation of SOPARFIs.
\n\n18 December 2024 — stating that the financial sector must be strengthened further
\n\n\nDe Finanzsecteur musse mer weiderhi stäerken, dat ass, op gutt Lëtzebuergesch gesot, „d’Mëllechkou“ vun eisem Staat.
\n
We must go on strengthening the financial sector; it is, to put it in plain Luxembourgish, the cash cow of our state.
\n\n22 January 2025 — giving the EU-wide figure for newly launched ELTIF funds before naming Luxembourg's share of it
\n\n\nDéi éischt 20 Deeg am Januar 2025 si 60 nei ELTIF-Fongen an der Europäescher Unioun opgeluecht ginn.
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In the first 20 days of January 2025, 60 new ELTIF funds were launched in the European Union.
\n\n2 April 2025 — stating where Luxembourg stands in the implementation of the regulation
\n\n\nA mir sinn de véierten europäesche Memberstaat, deen dës Gesetzgeebung ëmsetzt.
\n
And we are the fourth European member state to implement this legislation.
\n\n2 April 2025 — restating the single pricing rule the law imposes
\n\n\nE Virement an Echtzäit däerf net méi kaschte wéi en normale Virement!
\n
A transfer in real time may not cost more than a normal transfer!
\n\n15 May 2025 — stating what the financial centre paid into the state budget last year
\n\n\nMee insgesamt koumen 8,2 Milliarden Euro iwwert dat lescht Joer vun der Finanzplaz an d’Staatskeess.
\n
But in total 8.2 billion euros came into the state coffers from the financial centre over the last year.
\n\n25 June 2025 — stating the government's position on financial regulation
\n\n\nEch géif duerfir soen, an engem Wuert: D’Profitabilitéit däerf net op d’Käschte vun der Finanzstabilitéit vun der europäescher Wirtschaft goen.
\n
I would put it in one word: profitability must not come at the cost of the financial stability of the European economy.
\n\n8 July 2025 — stating a figure for fintech firms in the country
\n\n\nMir hunn duerfir de Moment schonns iwwer 250 FinTech-Firmaen hei zu Lëtzebuerg.
\n
We therefore now already have over 250 fintech firms here in Luxembourg.
\n\n8 July 2025 — stating a figure on the size of neobanks
\n\n\nMir hu Banken, Neobanken aus Indien, déi hunn 1,3 Milliarde Clienten.
\n
We have banks, neobanks from India, that have 1.3 billion clients.
\n\n15 October 2025 — stating his own position on social plans in the banking sector
\n\n\nEch soen als Finanzminister: All Sozialplang, dee muss gemaach ginn, ass ze vill – ass ze vill!
\n
As Finance Minister I say: every social plan that has to be made is one too many, one too many!
\n\n15 October 2025 — giving figures for the share of the banking sector and the total jobs in the financial centre
\n\n\nDe Bankesecteur ass mat 36 % dee gréissten Employeur am Finanzsecteur. Eis Finanzplaz insgesamt, dat sinn 73.000 Aarbechtsplazen.
\n
The banking sector is the largest employer in the financial sector with 36%. Our financial centre as a whole means 73,000 jobs.
\n\n15 October 2025 — speaking of himself as the Finance Minister and stating that Spuerkeess branches should be kept in the regions
\n\n\nEn ass awer der Meenung, dass och do, fir dat emol op Lëtzebuergesch ze soen, d’Kierch am Duerf sollt bleiwen, dass op de regionale Plazen och Spuerkeess-Agencë weider sollte bestoe bleiwen.
\n
He is however of the opinion that here too, to put it in Luxembourgish, the church should stay in the village, and that Spuerkeess branches should also continue to exist in the regions.
\n\n15 October 2025 — stating the number of registered cyberattacks per week in the second quarter of 2025
\n\n\nMir hunn am zweeten Trimester 2025 1.862 registréiert Cyberattacke pro Woch gehat.
\n
In the second quarter of 2025 we had 1,862 registered cyberattacks per week.
\n\n4 December 2025 — answering which supervisors are competent for financial service providers
\n\n\nZoustänneg fir d’Finanzdéngschtleeschtungsacteure sinn d’CSSF an de Commissariat aux assurances.
\n
The CSSF and the Commissariat aux assurances are competent for financial service providers.
\n\n17 December 2025 — explaining why the funding runs through the state budget
\n\n\nMir wëllen dat och hei iwwert de Staatsbudget maachen, fir Previsibilitéit ze ginn a fir d’Independance vun der Institutioun ze ënnersträichen.
\n
We want to do this here through the state budget, in order to give predictability and to underline the independence of the institution.
\n\n22 January 2026 — stating the government's position that the Commission package misses its goal
\n\n\nHär President, dëse Pak ass an eisen Aen net zilféierend, net fir Europa an och net fir Lëtzebuerg.
\n
Mr President, in our view this package does not achieve its aim, neither for Europe nor for Luxembourg.
\n\n12 February 2026 — stating the minister's own view of access to a bank account
\n\n\nWell den Zougang zu engem Bankkonto, dat ass kee Luxus. Et ass eigentlech eng Noutwendegkeet.
\n
Because access to a bank account is not a luxury. It is actually a necessity.
\n\n12 February 2026 — stating a figure for the assets managed through Luxembourg funds
\n\n\nMir hu bal 8.000 Milliarden – 8.000 Milliarden Euro! –, déi iwwer Lëtzebuerger Fonge geréiert ginn.
\n
We have almost 8,000 billion, 8,000 billion euro, that are managed through Luxembourg funds.
\n\n19 March 2026 — answering the question on investor protection by rejecting deregulation
\n\n\nMir wëllen net eng Dereguléierung, wéi dat an anere Regioune vun der Welt ass, a fortschrëttlechen Ekonomien.
\n
We do not want deregulation, as it exists in other regions of the world, in advanced economies.
\n\n30 April 2026 — stating the solvency ratio of Luxembourg banks for 2024 and 2025
\n\n\nDe Solvabilitéitsratio vun eise Banken oder vun der Bankeplaz zu Lëtzebuerg, deen ass stabill mat 23,1 % op Enn 2024 an deen ass op 2025 souguer an d’Luucht gaang op 23,5 %.
\n
The solvency ratio of our banks, of the Luxembourg banking centre, is stable at 23.1% at the end of 2024 and even rose to 23.5% in 2025.
\n\n25 June 2025 — assessing Luxembourg's presence in South America
\n\n\nA Südamerika si mer wirtschaftlech, finanzpolitesch an diplomatesch – erlaabt mer, dat ze soen – suboptimal ënnerwee. Mir kéinten do vill méi maachen.
\n
In South America we are, allow me to say it, suboptimally placed economically, financially and diplomatically. We could do much more there.
\n\n2 December 2025 — stating that sanctions only work when they are taken and applied jointly
\n\n\nMir sinn der Meenung, dass Strofe just eppes bréngen, wa se geschlossen – net onbedéngt eestëmmeg – geholl ginn an och ëmgesat ginn.
\n
We are of the opinion that sanctions only achieve something if they are taken jointly, not necessarily unanimously, and are also applied.
\n\n2 December 2025 — stating the amount of private assets currently frozen in Luxembourg
\n\n\nAn hei zu Lëtzebuerg sinn aktuell iwwer 4,3 Milliarden Euro u privaten Avoiren agefruer.
\n
And here in Luxembourg over 4.3 billion euros of private assets are currently frozen.
\n\n19 December 2023 — answering the debate as finance minister and committing the government to the PNEC targets
\n\n\nNach eng Kéier: Dës Regierung wäert wéi hir Virgängerregierung un den Ziler vun dem PNEC festhalen, an dofir sinn ech och frou, dass dëse Projet eng grouss Zoustëmmung kritt.
\n
Once again: this government, like its predecessor, will hold to the PNEC targets, and so I am glad this bill gets broad support.
\n\n25 April 2024 — stating that diesel sales are falling, against claims made in the debate
\n\n\nAlso ass de Spritt Diesel wäit réckleefeg, entgéint konträre Behaaptungen, déi gëschter hei ugefouert goufen!
\n
So diesel fuel is sharply in decline, contrary to the opposite claims made here yesterday!
\n\n18 December 2024 — rejecting the reproach that the new government neglects climate
\n\n\nEch fannen et och net richteg, wann een enger neier Regierung virwerft, si wier net ambitiéis a si géif elo de Klima, an alles, wat sech mat dem Klima beweegt, elo net méi consideréieren.
\n
I also do not think it is right to reproach a new government that it is not ambitious and that it no longer takes account of the climate and everything that moves with the climate.
\n\n24 April 2024 — stating the rise of the defence effort as a share of GDP
\n\n\nDuerfir och den Effort de défense, dee vun 0,77 % vun eisem Bruttoinlandsprodukt, déi ursprünglech virgesi waren, op 0,83 % eropgaangen ass – direkt, also 48 Milliounen Euro méi wéi ursprünglech virgesinn.
\n
That is also why the defence effort has risen from the 0.77% of our gross domestic product originally planned to 0.83%, that is 48 million euros more than originally planned.
\n\n18 December 2024 — announcing a further rise in defence spending
\n\n\nEis Verdeedegungsausgaben, eppes, wat vill diskutéiert gëtt de Moment, ginn d’nächst Joer nach emol an d’Luucht.
\n
Our defence spending, something that is much discussed at the moment, goes up again next year.
\n\n17 December 2025 — stating the defence spending figure for 2026
\n\n\n2 % vun eisem nationale Wirtschaftswuesstum fléissen 2026 an eisen Effort de défense: Stand haut ronn 1,3 Milliarden Euro, plus 500 Milliounen Euro am Verglach zum Budget 2025.
\n
2 % of our national economic growth flows into our defence effort in 2026: as of today about 1.3 billion euros, 500 million euros more than in the 2025 budget.
\n\n17 December 2025 — stating Luxembourg is the first European country to issue such a bond
\n\n\nÉischtens hu mer et fäerdegbruecht, als éischt europäescht Land, mengen ech, a souguer iwwert d’Grenze vun der Europäescher Unioun eraus, esou en Defence Bond opzeleeën – mat Ärer Zoustëmmung.
\n
First, we have managed, as the first European country I believe, and even beyond the borders of the European Union, to issue such a Defence Bond, with your agreement.
\n\n25 April 2024 — giving the government's position on the motion
\n\n\nD’Regierung huet kee Problem, wann déi heite Motioun gestëmmt gëtt.
\n
The government has no problem if this motion is adopted.
\n\n13 November 2024 — reporting employment figures for the financial centre in his answer
\n\n\nAn et hunn och nach ni esou vill Leit am Finanzsecteur geschafft wéi haut: 60.000 Leit!
\n
And never have so many people worked in the financial sector as today: 60,000 people!
\n\n18 November 2025 — citing the share of jobs a Google study puts at risk from AI
\n\n\n6 % vun den Aarbechtsplaze kéinten duerch d’Kënschtlech Intelligenz a Gefor sinn.
\n
6 percent of jobs could be put at risk by artificial intelligence.
\n\n18 November 2025 — rejecting a national robot tax
\n\n\nMir wëllen net zu Lëtzebuerg en Alleingang maachen, fir eng sougenannte Robotersteier anzeféieren.
\n
We do not want Luxembourg to go it alone in introducing a so-called robot tax.
\n\n4 December 2025 — stating his general principle for the use of artificial intelligence
\n\n\nGenerell, mengen ech, muss déi Kënschtlech Intelligenz ëmmer vun der mënschlecher Intelligenz dominéiert sinn.
\n
In general, I think artificial intelligence must always be dominated by human intelligence.
\n\n4 December 2025 — closing his answer with his own position on artificial intelligence
\n\n\nDeemno: Jo zur Kënschtlecher Intelligenz! Jo zum Oppasse op d’Geforen, déi dermat verbonne sinn!
\n
Therefore: yes to artificial intelligence! Yes to watching out for the dangers connected with it!
\n\n19 March 2026 — answering with the government's strategic vision for AI in financial services
\n\n\nMir wëllen, dass Lëtzebuerg och an Zukunft e weltoppent Lëtzebuerg ass an duerfir eng Agangsdier och fir KI-gedriwwe Finanzservicer an Europa ass a bleift.
\n
We want Luxembourg to stay an outward-looking country in future too, and therefore to be and to remain a gateway for AI-driven financial services into Europe.
\n\n19 March 2026 — answering that the state must make computing capacity available for AI
\n\n\nAn ech mengen, et ass un engem moderne Land, dat säi Wee wëllt an der Kënschtlecher Intelligenz goen, ze gewärleeschten, dass déi Capacitéiten zur Verfügung stinn.
\n
And I think it is up to a modern country that wants to go its way in artificial intelligence to make sure that those capacities are available.
\n\n24 April 2024 — stating that expanding renewables is the government's top priority
\n\n\nDen Ausbau vun erneierbaren Energien ass a bleift eis iewescht Prioritéit – iwwregens vun der ganzer Regierung.
\n
The expansion of renewable energies is and remains our top priority, and that of the whole government too.
\n\n18 December 2024 — stating that Luxembourg is one of three EU countries still keeping an energy price cap in 2025
\n\n\nDen zweete Punkt ass awer deen, dass mir zu Lëtzebuerg eent vun dräi Länner an der Europäescher Unioun sinn, déi iwwerhaapt nach esou en Energiepräisdeckel fir 2025 hunn.
\n
The second point, however, is that we in Luxembourg are one of three countries in the European Union that still have such an energy price cap at all for 2025.
\n\n16 June 2026 — explaining why the government proposes the change
\n\n\nAn duerfir maache mer déi Adaptatioun hei, fir deem, wat ofgemaach war, Rechnung ze droen an dat dann an d’Gesetz afléissen ze loossen.
\n
And that is why we make this adaptation here, to take account of what had been agreed and to let it flow into the law.
\n\n25 June 2025 — stating that EU law blocks what the motion asks for
\n\n\nMee zënter der Ännerung vun der TVA-Direktiv – an dat ass d’Äntwert op déi Fro, déi gestallt gouf – am Joer 2022 erlaabt déi europäesch Gesetzgeebung keen Zréckkomme méi op den Taux vun 3 %.
\n
But since the change of the VAT directive in 2022, European legislation no longer allows a return to the rate of 3 percent.
\n\n25 April 2024 — stating that the government does not take part in votes on motions
\n\n\nEt ass net un der Regierung, fir iwwer Motioune matofzestëmmen. Ech soen dat elo kloer an däitlech.
\n
It is not for the government to vote on motions. I say that clearly and plainly.
\n\n12 February 2026 — stating that Europe lacks its own everyday payment solution
\n\n\nDat heescht, et feelt u sech un enger eegestänneger europäescher Bezuelléisung fir den Alldag.
\n
That means that an independent European payment solution for everyday use is missing.
\n\n12 February 2026 — stating the government's position on the digital euro
\n\n\nNach eng Kéier: den digitalen Euro net als Ersatz zu dem Boergeld-Euro, mee complementaire zu dem Boergeld.
\n
Once again: the digital euro not as a replacement for the cash euro, but complementary to cash.
\n\n18 December 2024 — reporting the effect of childcare vouchers on the child poverty risk
\n\n\nDat gëllt och fir Chèques-services accueil, déi eleng den Aarmutsrisiko bei de Kanner, laut Statec, ëm 4 % – dat ass erstaunlech – no ënnen drécken.
\n
That also applies to the childcare vouchers, which on their own push the poverty risk among children down by 4 %, according to Statec, which is remarkable.
\n\n14 December 2023 — stating the number of cross-border workers covered by the convention
\n\n\nEt si 50.000 – 50.000! – Frontalieren, déi vun dëser Konventioun concernéiert sinn.
\n
There are 50,000 – 50,000! – cross-border workers concerned by this convention.
\n\n20 December 2023 — stating what a yes vote makes possible
\n\n\nAlso, wa mer hei mat Jo stëmmen oder wa mat Jo gestëmmt gëtt, da kréien d’Leit aus dem ëffentlechen Déngscht emol hir Pai.
\n
So if we vote yes here, or if a yes is voted, then the people in the public service get their pay.
\n\n24 April 2024 — stating that sound public finances guarantee stability and social cohesion
\n\n\nGesond Staatsfinanze sinn de Garant fir d’Stabilitéit an eisem Land, fir de sozialen Zesummenhalt, grad elo an dëse Krisenzäiten.
\n
Sound public finances are the guarantee of stability in our country and of social cohesion, especially now in these times of crisis.
\n\n24 April 2024 — stating figures for the growth of state spending in 2023 and 2024
\n\n\nMee eis Ausgaben, dat soen ech awer gradesou kloer, wuesse manner séier wéi déi d’lescht Joer. 2023 hate mir eng Progressioun vun den Ausgabe vun 11,5 %, 2024 viraussiichtlech vu 7,6 %.
\n
But our spending, and I say this just as clearly, is growing less fast than last year. In 2023 we had spending growth of 11.5%, in 2024 it is expected to be 7.6%.
\n\n24 April 2024 — saying the government wants to keep a national medium-term budget objective alongside the European deficit and debt rules
\n\n\nMir wëllen eis also als Regierung nieft den europäeschen 3 %-Defizita 60 %-Scholdereegelen een nationalen Objectif à moyen terme weider ginn.
\n
So as a government we want to continue to set ourselves a national medium-term objective alongside the European 3% deficit and 60% debt rules.
\n\n25 April 2024 — stating the government's own economic priorities for the budget
\n\n\nMir brauchen eng kompetitiv Ekonomie, mir brauchen eng attraktiv Finanzplaz, well mat deene Sue kënne mer déi Politicken, déi mer ageschriwwen hunn, ëmsetzen.
\n
We need a competitive economy, we need an attractive financial centre, because with that money we can implement the policies we have written down.
\n\n25 April 2024 — stating the central government deficit figure in the 2024 budget
\n\n\nDen zweete Fakt, deen do ass: Mir hunn en Defizit, deen an dësem Budget bei 1,9 Milliarde läit, wat de sougenannten Zentralstaat betrëfft.
\n
The second fact is this: we have a deficit in this budget of 1.9 billion for the so-called central state.
\n\n25 April 2024 — answering the question on the debt level compatible with the triple-A rating
\n\n\nMir kënnen eis zu Lëtzebuerg, dass dat och kloer ass, keng Schold vu 40, 50 oder 60 % leeschten, well dann, mengen ech, maache mer d’Riddoen erof.
\n
In Luxembourg, to be clear, we cannot afford a debt of 40, 50 or 60%, because then, I think, we can pull down the shutters.
\n\n21 November 2024 — committing the government to keeping the wage indexation despite IMF criticism
\n\n\nEch soen hei am Numm vun der CSV-DP-Regierung, gradewéi et am Regierungsprogramm steet: Dës Regierung steet zum Index an den Index wäert weider bäibehale ginn, och wann den FMI dat heiansdo kritiséiert!
\n
I say here in the name of the CSV-DP government, exactly as it stands in the government programme: this government stands by the index, and the index will be kept, even if the IMF sometimes criticises it.
\n\n18 December 2024 — reporting the revised central government deficit figure for 2025
\n\n\nEch hat et am Oktober och scho gesot: am Joer 2025 net 3,1 Milliarden Defizit, wéi virausgesot, mee just nach 1,29 Milliarden Euro a vläicht esouguer manner, an dat trotz Steiererliichterungen, dat trotz engem héijen Invest an dat trotz héije Sozialausgaben.
\n
I already said it in October: in 2025 not a deficit of 3.1 billion, as forecast, but only 1.29 billion euros and perhaps even less, and that despite tax relief, despite high investment and despite high social spending.
\n\n18 December 2024 — rejecting the charge that the budget is a bet on the future
\n\n\nMir maache keng Wett op d’Zukunft, mee mir gestalten d’Zukunft!
\n
We are not making a bet on the future, we are shaping the future!
\n\n19 December 2024 — stating that the special funds in the budget are hard to read
\n\n\nAlso, ech soen Iech als Finanzminister: Fir mech ass dat och en Dickicht! Ech verstinn och net all Zeil, déi do dran ass.
\n
So I tell you as finance minister: for me too this is a thicket! I do not understand every line in it either.
\n\n17 December 2025 — stating where Luxembourg's debt stands compared with the rest of the eurozone
\n\n\nDobäi behale mir déi zweetniddregst Schold an der Eurozon fir 2026, viraussiichtlech déi niddregst Schold 2027, mee ech kucken net an eng Glaskugel.
\n
With this we keep the second lowest debt in the eurozone for 2026, probably the lowest debt in 2027, but I am not looking into a crystal ball.
\n\n17 December 2025 — answering the criticism that the budget carries a deficit
\n\n\nDa gëtt gesot: „Jo, et ass e Budget mat engem Defizit.“ Sécher, et ass net deen eenzegen an et wäert och net dee leschte Budget si mat engem Defizit an dem Zentralstaat, also bei deem eigentleche Staat.
\n
Then it is said: \"Yes, it is a budget with a deficit.\" Certainly, it is not the only one and it will not be the last budget with a deficit in the central state, that is, in the state proper.
\n\n20 January 2026 — reading the bond's success as proof of public confidence in the state finances
\n\n\nDe Succès vun dësem Defence Bond ass fir d’Regierung och de Beweis, dass d’Leit eigentlech un d’Stabilitéit vum Land an och un d’Stabilitéit vun de Staatsfinanze gleewen.
\n
For the government the success of this Defence Bond is also proof that people believe in the stability of the country and in the stability of the state finances.
\n\n20 January 2026 — saying he can imagine using the same bond model for housing construction
\n\n\nAn ech kéint mer virstellen, dass een dat och mécht fir de Wunnengsbau.
\n
And I could imagine that this is also done for housing construction.
\n\n4 March 2026 — the finance minister giving the number of investors and the minimum tranche
\n\n\nAm Ganzen – dat ass dat, wat Iech interesséiert – hunn 2.380 Investisseure matgemaach an Tranchë vun 1.000 Euro un.
\n
In total, and this is what interests you, 2,380 investors took part, in tranches from 1,000 euros upwards.
\n\n4 March 2026 — the finance minister naming the volume he would envisage for a housing bond
\n\n\nEch kéint mir perséinlech, dat kann ech awer soen, e gesamte Volume vun 150 bis 250 Millioune virstellen.
\n
Personally, and I can say this, I could imagine a total volume of 150 to 250 million.
\n\n4 March 2026 — the finance minister announcing that the government wants to issue further citizens' bonds with the Chamber
\n\n\nNom groussen Erfolleg, Här President, vun dësem Defence Bond wëlle mir zesumme mat der Chamber kucken, nei Biergerobligatiounen opzeleeën, fir esou och an Zukunft zesummen ze finanzéieren.
\n
After the great success of this Defence Bond, Mr President, we want to look together with the Chamber at issuing new citizens' bonds, so as to finance together in the future too.
\n\n16 June 2026 — stating the fund's size
\n\n\nDe Fong schafft effektiv zënter 2016. E verwalt de Moment ronn 820 Milliounen Euro.
\n
The fund has effectively been working since 2016. It currently manages around 820 million euro.
\n\n16 June 2026 — stating the average return since the fund started
\n\n\nDen duerchschnëttleche Rendement vu bis elo, dee war zënter 2016 bei 3,8 % pro Joer.
\n
The average return so far has been 3.8 % a year since 2016.
\n\n14 December 2023 — committing the new government to the existing development aid targets and amounts
\n\n\nJo, och déi nei Regierung wäert zu deem Engagement um Niveau vun der Entwécklungshëllef stoen, souwuel wat d’Zilsetzung ubelaangt wéi och, wat de Montant vun deenen Engagementer ubelaangt!
\n
Yes, the new government too will stand by that commitment at the level of development aid, both as regards the target and as regards the amount of those commitments!
\n\n11 July 2024 — giving the budget share of development aid excluding refugees and climate
\n\n\nNach eng Kéier: Entwécklungshëllef ouni Impakt Refugiéen an ouni Impakt Klima, dat entsprécht engem budgetären Impakt vun 1,02 % vum gesamte Budget.
\n
Once again: development aid without the refugee impact and without the climate impact corresponds to a budgetary impact of 1.02 % of the whole budget.
\n\n2 April 2025 — stating government support for a wider EIB role in defence, short of the arms industry itself
\n\n\nMir ënnerstëtzen och, dass d’BEI am militäresche Beräich um Niveau vun dem Effort de défense méi verstäerkt kann agéieren, ouni dass se ka reng an der Waffenindustrie agéieren, well dat eng Diskussioun ass, déi mat hirem Triple-A da verbonne wier.
\n
We also support the EIB being able to act more strongly in the military field at the level of the defence effort, without being able to act purely in the arms industry, because that is a discussion which would then be tied to its triple-A.
\n\n12 February 2026 — stating the size of Luxembourg's commitment
\n\n\nA mir huelen dann un där Kapitalerhéijung deel fir 205 Milliounen Euro, wat d’Engagement ass.
\n
And we then take part in that capital increase for 205 million euro, which is the commitment.
\n\n17 December 2025 — stating the share of women among the directors of large listed companies
\n\n\nAlso, zu Lëtzebuerg, laut enger Studie vum European Institute for Gender Equality, representéiere Fraen zu Lëtzebuerg 23,5 % vun den Administrateuren a grousse cotéierte Gesellschaften, dat heescht, déi ënnert dës Direktiv respektiv ënnert dëse Gesetzesprojet falen.
\n
So, in Luxembourg, according to a study by the European Institute for Gender Equality, women represent 23.5% of the directors in large listed companies, that is, those falling under this directive and this bill.
\n"}