Debt grows to 23% of GDP
22. februar 2012, 12:32 – opdateret 22. februar 2012, 12:41
Denmark’s national debt was DKK413bn at the end of 2011, 23 per cent of GDP and a DKK74,000 ($13,000) burden for every single resident of the country. Interest repayments alone were DKK17bn, 1 per cent of GDP.
National Bank governor Nils Bernstein stressed the importance of maintaining finance markets’ confidence in the Danish economy:
“The European financial crisis has made it very clear that lenders’ perceptions of a country’s credit-worthiness can change very quickly. Investor confidence is imperative for low interest on Danish government bonds.”
He urged the government to conduct a 'stability-oriented economic policy in the medium term including continuing reforms aimed at increasing the labour force'.
Full Report: Danish Government Borrowing and Debt 2011
