Offentlig gæld og budgetunderskud i Danmark: Er finanspolitikken holdbar?

Translated title of the contribution: Public Debt and Deficits in Denmark: Is Fiscal Policy Sustainable?

Svend E. Hougaard Jensen, Christian Motzfeldt

Research output: Contribution to journalJournal articleResearchpeer-review


This article reviews the recent behaviour of public finances in Denmark, defines concept of fiscal sustainability, suggests a stock-flow consistent accounting framework for public debt and deficits, and, finally, discusses the sustainability of fiscal policy, in a medium term perspective (1994-98). Provided that the gradual contraction of fiscal policy, as contained in the tax reform of 1993, is actually implemented, we find that current fiscal policy in Denmark is sustainable in the medium term. However, this result may be seriously undermined if the economy is disturbed by a weaker growth performance higher real interest rates.
Translated title of the contributionPublic Debt and Deficits in Denmark: Is Fiscal Policy Sustainable?
Original languageDanish
JournalNationaløkonomisk tidsskrift
Issue number4
Pages (from-to)318-334
Number of pages17
Publication statusPublished - 1994
Externally publishedYes

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