Denmark: Selected Issues-The Danish Fiscal Framework

Denmark: Selected Issues-The Danish Fiscal Framework—Looking Back and Ahead

May 21, 2002

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Format: Chicago

Denmark: Selected Issues-The Danish Fiscal Framework—Looking Back and Ahead, (USA: International Monetary Fund, 2002) accessed December 22, 2024

Summary

This Selected Issues paper examines Denmark’s fiscal framework. It evaluates its sufficiency with respect to accommodating medium-to-long-term demographic spending increases and future challenges facing the tax system. It reviews the framework’s transparency, consistency and enforceability, taking into account local government responsibilities. The paper concludes that Denmark has already made commendable progress with public finance consolidation, changing relatively large budget deficits to solid surpluses and almost halving the debt-to-GDP ratio since 1993. The fiscal framework is transparent and appears to enjoy wide public acceptance.

Subject: Expenditure, Health care spending, Labor, Pension spending, Pensions, Public debt

Keywords: Central government, CR, Debt ratio, Denmark, Early retirement, Expenditure growth, Fiscal policy, Global, Government, Health care spending, ISCR, Pension spending, Pensions, Public expenditure, Public finance, Tax rate

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/102
Stock No:

1DNKEA0022002
ISBN:

9781451811087
ISSN:

1934-7685

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