By using this site, you agree to our Privacy Policy and our Terms of Use. Close

I just read a article in the news paper, that states "Minus on public finances 97% less, that feared".

Basically goverment expected last year (one just gone) to end up with a deficit of 160 billion KR, on public finances.
In reality after this year, and seeing the total costs, its abit under 4,3 billion.
Corona pandemic wasn't nearly as expensive on public finances as they (goverment) were expecting, when it hit denmark last year.

Apparently one of the smart choices that aided our economy greatly, was the goverment choose to pay out, frozen "vaccation pay" funds to people.
Who then, spent that money domestically. Yes, you get vaccation pay in denmark, when you work.

This was pointed out by Las Olsen, a cheif economic in Danske bank (the danish bank).
"Its quite remarkable, that we have come out through this near record worst year, registered in GDP developement, in denmark, with such a small deficit"

"todays numbers, underscore, that we danes don't have a problem with our public finances, and that there isn't some gigantic bill laying around from results of the corona virus"

This comes ontop of our National bank, forecasting, that our growth is going to be 3,8% this year (when earlier on, it was expecting it to only be 3,3%).


Apparently we're one of the countries that did the best, in terms of copeing with the costs of the pandemic in europe.
Our GDP didnt drop that much (compaired to USA, UK, rest of europe), joblosses ect.

Consumer confidence is apparently very high too.

Finally some (semi) good news :) relateing to covid.