Eighty-nine of the country’s 98 local councils expect to spend less money than they budgeted for this year, according to local government interest group KL. The amount of unspent funds will likely reach 5.3 billion kroner and result in the elimination of 10,000 municipal jobs. Economists said spending that money would go a long way towards stimulating local economies. Councils say they are keeping their spending down in order to avoid being smacked with Draconian economic sanctions by the government in Copenhagen should they exceed their budget. – Børsen