The government of Danish Prime Minister Anders Fogh Rasmussen has released a multi-pronged program to attain medium-term economic growth for the country:
- A freeze on tax increases
- Solid surpluses on general government finances to ensure sustainability of fiscal policy and a reduction in general government debt from almost 47 per cent of GDP in 2000 to just over 24 percent of GDP in 2010
- A stronger job market through higher participation rates and lower unemployment
- Reduced tax on earned income
- Increased real growth in public consumption of 1 per cent a year from 2002 to 2005 and 0.5 percent a year from 2006 to 2010
- Improved efficiency in the public sector through various measures, including the outsourcing of services.
- Reduced and stabilized inflation to just under 2 per cent a year
- Improved framework to encourage private savings which, together with reduced government spending, would facilitate the gradual repayment of the country's foreign debt
Source: The Danish Finance Ministry
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