Denmark's new Social Democratic government said on Wednesday it would pour ...
COPENHAGEN - Denmark’s new Social Democratic government said on Wednesday it would pour more money into healthcare, education and the welfare system, following through on its campaign pledge to reverse years of cuts by previous administrations.
The Social Democratic Party, the main architect behind the creation of Denmark’s cradle-to-grave welfare state in the 20th century, won power in a June 5 election as voters rebelled against austerity and the rise of right-wing nationalists. The spending measures will push Denmark’s budget into a deficit of 0.1% of gross domestic product next year, though it will still be well below the European Union limit of 3% and comes after a surplus of 0.2% in 2018.
The government said it would give the country’s tax agency, which has come under fire after 12.7 billion crowns in revenue were lost in a financial market scam, an extra 1.5 billion crowns next year to combat fraud.
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