Finance minister: Reforms paying off – The Post

Finance minister: Reforms paying off

In an answer to parliament, Bjarne Corydon describes the recent change in public fortunes

September 18th, 2014 7:30 pm| by admin

The finance minister, Bjarne Corydon, has informed parliament that the state of the country’s finances has improved markedly thanks to a number of reforms passed since 2008, Berlingske reports.

Tightening the rules concerning pre-retirement benefits (efterløn), public pensions and unemployment benefits (dagpenge) along with changes to the tax system have resulted in an additional 52 billion kroner in the public budget.

The government can thereby increase government spending by 0.6 percent per year until 2020 without public debt rising.

Who’s to thank?
But Berlingske reports that, despite claims by the current government that the public finances were left in a state of disarray by the previous government, 90 percent of the reforms that account for the savings happened on Lars Løkke Rasmussen’s watch.