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New government plan lacks full funding, 2035 targets await details
🇩🇰 Denmark /Elections & Politics

New government plan lacks full funding, 2035 targets await details

From Berlingske · () Danish

Translated from Danish, summarized and contextualized by DistantNews.

At a glance

News From a news agency New plan
  • Denmark's new government coalition's foundational document lacks full funding for all proposed initiatives.
  • Incoming Prime Minister Mette Frederiksen acknowledged that "some financing" is included, with full funding to be allocated "along the way."
  • The government has set ambitious goals for economic growth and increased labor supply by 2035, but the specific plans to achieve them are not yet detailed.

Denmark's new government coalition's foundational document does not fully fund all the initiatives the government plans to implement, acknowledged incoming Prime Minister Mette Frederiksen at a press conference.

some financing

— Mette FrederiksenThe incoming Prime Minister acknowledged the partial funding of government initiatives in the new coalition's foundational document.

Frederiksen stated that the government's foundational document includes "some financing" and that the coalition has committed to creating "new priority space in economic policy." She added that full funding for initiatives would be provided "along the way." The 76-page document repeatedly states that "the government will continuously allocate financing for the described initiatives."

Lars Løkke Rasmussen, political leader of the Moderates, emphasized the government's commitment to an "ambitious and balanced reform policy that strengthens the foundation of our welfare society." He highlighted specific targets: increasing wealth by 70 billion Danish kroner structurally by 2035 and boosting the labor supply by 35,000 people. However, the government's roadmap to achieve these goals is not yet outlined, with a promise of a new, ambitious "2035 plan" to be presented at an unspecified future date.

And then we have jointly committed ourselves to creating a new priority space in economic policy.

— Mette FrederiksenThe incoming Prime Minister described the government's approach to economic policy.

This future plan will also include a new climate goal for 2035, aiming for at least an 85 percent reduction in greenhouse gas emissions compared to 1990 levels, surpassing the previous SVM government's target of 82 percent. The government also aims to increase the economic leeway by at least 19 billion kroner by 2030.

We have set the concrete goal of increasing wealth by 70 billion kroner structurally in 2035, and we have set a goal of increasing the labor supply structurally by 35,000 in 2035.

— Lars Løkke RasmussenThe political leader of the Moderates highlighted the government's economic targets.

Industry organization Dansk Industri expressed concern over the "great uncertainty regarding the financing of the many proposals." CEO Lars Sandahl Sørensen noted the "very high ambition level for redistribution and reforms, which is very uncertain." He stressed that the numerous vague funding plans require a government that actively prioritizes and streamlines efforts to make the plans a reality.

great uncertainty regarding the financing of the many proposals.

— Lars Sandahl SørensenThe CEO of Dansk Industri commented on the financial ambiguity of the government's plans.
DistantNews Editorial

Originally published by Berlingske in Danish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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