Sunday, October 13, 2024

Finance Law 2023

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Normally it was supposed to be proposed and approved before the end of 2022, but because of the long negotiations to form a new government, the budget for this year is presented only now

  • 200 million DKK in the “negotiation reserve” – this money will be used to finance initiatives coming from political parties so that they support the law in the Parliament. The amount is historically low, as normally it is 1.5 billion DKK. 
  • 185 million DKK for the legal system in Denmark. Funds are given to the judicial courts so that they can reduce the very long waiting time for cases. 
  • 184 million DKK for faster internet and investments in culture. The areas with poor internet coverage around Denmark will receive a broadband upgrade. Money will also go to fund artistic education and initiatives; museums and other institutions. 
  • 7 billion DKK for the Ukraine Fund. 5.6 billion DKK for military support, 1.2 billion DKK for civil support and 400 million DKK for business support. 
  • 2.4 billion DKK for inflation aid. (we wrote about this agreement in the previous editions).
  • 2 billion DKK to reduce waiting times in the healthcare system
  • 3.6 billion DKK investment in research. 1.7 billion DKK for green research initiatives. 800 million DKK for digitalization research. 700 million DKK for health research and 100 million DKK for research related to the wellbeing of children and young people. 
  • 1.3 billion DKK reserve for the new agreement on the working environment that will be discussed in the coming months. 
  • Usually the list would be much longer, with initiatives they would finance through the yearly budget, but this year they decided to keep the spending low as inflation is still very high. 
Narcis George Matache
Narcis George Matachehttp://www.narcis.dk
Executive Editor and Founder of "Last Week in Denmark".

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