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

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 i...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2002
Series:IMF Staff Country Reports
Subjects:
Public Debt
Private Pensions
Pension Spending
Social Security And Public Pensions
Public Finance & Taxation
National Government Expenditures And Health
Nonwage Labor Costs And Benefits
Health Care Spending
Debt Management
Debts, Public
Debt
Labor
National Government Expenditures And Related Policies: General
Expenditure
Sovereign Debt
Expenditures, Public
Pensions
Public Finance
Denmark
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
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
Physical Description:27 pages
ISBN:9781451811087

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