Finansloven 2018 (National Budget Agreement for 2018)

On December 8, the Danish Government and Danish People’s Party (DF) reached an agreement on the 2018 national budget (Finanslov).

The national budget must be approved by a majority of the Danish Parliament before the New Year. However, Liberal Alliance has made it clear that the party will only vote in favor of the agreement, if the government (incl. Liberal Alliance) and Dansk Folkeparti reach an agreement on the tax reform before Christmas.

According to the Ministry of Finance, key elements of the budget agreement include:

  • DKK 5.5 bn. will be earmarked to strengthen the tax administration. This amount will be in addition to the DKK 6.7 bn. allocated from the 2017 national budget

  • Allocation of DKK 2 bn. for the healthcare sector, which will, amongst other things, help finance a ‘free choice for rehabilitation’. Also, as of 2019, the agreement earmarks DKK 45 million to finance a new medical emergency helicopter for outlying areas in Denmark

  • DKK 2.7 billion will be allocated to improve staffing at nursing homes, ensure a freer choice for the elderly in terms of food providers as well as investing DKK 240 million in night nurses to ensure that no one dies alone. The majority of the finances will be earmarked to ensure more ‘warm hands’ in the elderly care.

  • Children with life-threatening diseases will be allocated DK 10 million in 2018 and DKK 22 million in 2019

  • The police academies will increase their intake to 300 more students in 2018 and 2019. In addition, the punishment for gross violence will get higher as a consequence of an increased effort to fight gang-related crime and youth crime.

  • The home improvement deduction (håndværkerfradraget) will be made permanent, which will cost DKK 445 million per year.

  • The Danish police force will reestablish police horses

  • The West Funen Highway will be expanded, the speed limits on several roads and highways will be increased and the rates on the Great Belt Bridge (Storebæltsbroen) will be lowered

  • Personal tax on company provided phones will be removed

  • Vocational training institutions (Erhvervsuddannelserne) will receive DKK 170 million to raise the quality of education

  • The equalization tax “udligningsskat) on pension schemes will be removed

  • The government grant for the Consumer Council “Tænk” will remain unchanged despite the government’s original proposal

  • The agreement introduces a fee on interpretation services in the healthcare sector for people, who have lived in Denmark for more than 3 years. This will add DKK 1.2 million in 2018 and DKK 2.4 million in 2019 to the national budget.

(source: translation of Altinget excerpt)

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