Denmark's public finances came out of the coronavirus crisis unscathed.
The kingdom has the lowest public deficit in the European Union for the year 2020, that of unlimited spending, at 0.6% of GDP.
Its Swedish neighbor widened its own to 3.1% according to the European Commission, Germany to 4.2% when France recorded a deficit of 9.2% of its GDP.
"
Denmark did well and did much better
" than the others, welcomed Monday the Social Democratic Minister of Finance, Nicolai Wammen.
The country, which has not opted for severe confinement during the health crisis, has carried out "
a policy that protects its economy better than many other countries in Europe where the restrictions have in practice prevented people from working
", underlines The Minister.
He specifies that the companies that continued to work have eased the burden of public aid granted to companies suffering from the coronavirus crisis.
See also
In Denmark, the end of the "coronapas" is greeted with relief
The kingdom of 5.8 million inhabitants sees life in pink with the disappearance of the health pass on September 1 and the announcement of new optimistic economic forecasts: growth should rebound to 3.8% this year, "
the most high for fifteen years,
”says the Minister.
It is less spectacular than the 6% expected in France, but Danish GDP only contracted by 2.7% last year, when France rebounded from a drop of 8.1%.
Champions of the balance of public finances, the Danes are also champions, among the OECD countries, for their taxation: all taxes weighed 46.3% of GDP in 2019.
