Wammen will set aside money for inflation aid in the Finance Act

Do you want to listen further?

Get a Digital Plus subscription and keep listening right away.

change subscription

With Digital Plus you can listen to articles. You get access immediately.

Copenhagen. Finance Minister Nicolai Wammen (S) will present the government’s proposal for next year’s Finance Act on Wednesday, and it will contain a pool for inflation aid.

This is what the minister tells the Stock Exchange.

– There is no doubt that inflation has hit hard, and continues to hit Danish families hard. This is also why we say we need to look at additional initiatives. We set aside money for that in the Finance Act so that we can do that, says the minister.

He will not yet say anything about who the target group for the aid is.

– We are setting aside a pool, but we have not settled on concrete initiatives yet. It’s like we have some dry powder we can use for inflationary relief. Therefore, it is too early to say, says Wammen to the newspaper.

He also won’t say how big the pool will be. It must not be shared with the public until the other parties have been briefed, Børsen writes.

Wammen explains that the pool is financed. This is money that should have been used for something else, but is instead earmarked for inflation aid.

After negotiation with the other parties, the pool must be distributed as help against rising prices.

After the government has presented its proposal for a finance law for 2023, the political negotiations on the distribution of the money will begin.

The government has already helped needy Danish wallets with heating checks, increased elderly checks, lower electricity tax and a rent ceiling.

A political majority has agreed to limit rent increases by four percent per year over the next two years in private rental housing. Heating checks of DKK 6,000 have also been paid out to thousands of Danes.

Inflation was calculated at 8.8 percent in July. The price increases are, among other things, triggered by the war in Ukraine. Inflation in July is the highest in 39 years.


Source: www.berlingske.dk by www.berlingske.dk.

*The article has been translated based on the content of www.berlingske.dk by www.berlingske.dk. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!