Denmark Looks to Strengthen Fiscal Risk Management with EU Support

Copenhagen, [Date] - The European Commission is providing technical assistance to Denmark’s Ministry of Finance to develop a robust framework for managing fiscal risks as part of the Structural Reform Support Programme (SRSP) in 2020.

Enhancing Decision-Making Process

The Danish government aims to enhance its decision-making process when issuing guarantees or loans for green investments by creating a new framework for assessing credit and fiscal risks. To achieve this goal, the Commission and international experts have provided support measures, including:

• An analysis of European and international best practices for fiscal risk assessment frameworks
• Recommendations for a new framework that ensures accurate and cost-effective risk assessments
• A manual on conducting fiscal risk assessments

Strengthening Fiscal Resilience

The technical assistance has enabled Danish authorities to better understand potential threats to their fiscal position, ultimately reducing the risks of future fiscal losses. This support is expected to contribute to stronger fiscal resilience and increased transparency in Denmark’s public finances over the long term.

EU Commitment to Good Governance and Fiscal Responsibility

“Strengthening fiscal risk management is crucial for ensuring the sustainability of public finances and supporting economic growth,” said a spokesperson for the European Commission. “We are committed to providing technical assistance to Denmark, as well as other member states, to help them develop robust frameworks for managing fiscal risks.”

The EU’s support for Denmark’s fiscal risk management framework development demonstrates its commitment to promoting good governance and fiscal responsibility among its member states.

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