Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure DK-2020-31/2044 – measures in Denmark
Country | Denmark , applies nationwide |
Time period | Temporary, 01 August 2020 – 01 August 2025 |
Context | COVID-19, Green Transition |
Type | Legislations or other statutory regulations |
Category |
Promoting the economic, labour market and social recovery into a green future
– Support for spending, stimulus packages |
Author | Carsten Jørgensen (FAOS, University of Copenhagen), Anders Randrup (Oxford Research) |
Measure added | 12 October 2021 (updated 11 November 2021) |
Due to lockdowns, several agreements about financial help packages, and high amounts of protective equipment, the Danish economy has been plundering. This has led the current government to publish DK2025. The government has released the framework, DK2025, to ensure a green, fair, and responsible recovery of the Danish economy after COVID-19.
The aim of the publication is to form the basis for future finance laws in Denmark. The goal is that the Danish economy recovers from COVID-19. The publication suggests an expansionary fiscal policy in Denmark, with the aim of getting the business cycle back to the norm, as before COVID-19. It is expected that the balance between revenue and expenditure will be balanced by 2025. The plan is that concrete measures and solutions to the problems faced by the Danish economy will be continuously added. In the release, three focus points are underlined. These are: The corona epidemic, climate development and the welfare society.
The government's overall priorities and economic policy objectives in the coming years towards 2025 includes:
The measure functions as a framework and foundation for the fiscal policy in Denmark for the coming years.
Workers | Businesses | Citizens |
---|---|---|
Does not apply to workers | Applies to all businesses | Does not apply to citizens |
Actors | Funding |
---|---|
National government
|
National funds
|
Social partners' role in designing the measure and form of involvement:
Trade unions | Employers' organisations | |
---|---|---|
Role | No involvement as case not in social partner domain | No involvement as case not in social partner domain |
Form | Not applicable | Not applicable |
Social partners' role in the implementation, monitoring and assessment phase:
The framework was developed by the government.
No major reactions, as the framework is not to be implemented directly but functions as the fundament for future fiscal policy negotiations and rebuilding of the economy after COVID-19.
Citation
Eurofound (2021), DK2025 – Framework for the future fiscal policy in Denmark, measure DK-2020-31/2044 (measures in Denmark), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/DK-2020-31_2044.html
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