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© Reuters
COPENHAGEN (Reuters) – Denmark’s authorities expects inflation to fall to three.9% this 12 months, in step with the central financial institution’s forecast, in line with a finance ministry report set to be launched on Thursday, Danish broadcaster TV 2 reported.
Inflation, which stood at 7.7% final 12 months, is predicted to fall additional to 2.8% subsequent 12 months, in line with the report.
The federal government is ready to current its 2023 funds proposal and financial forecast at 1100 GMT.
The earlier authorities’s funds proposal from August, which was by no means handed, because of a basic election in November, had centered on combating inflation by limiting new investments and setting apart a reserve to assist Danes address rising costs.
On Thursday, the federal government will even suggest tight spending for 2023, to stop public spending from stoking inflation, enterprise day by day Borsen mentioned, citing the funds proposal.
The federal government expects the financial system to develop by 0.2% this 12 months, down from an August forecast of 0.8%, it added.
Against this, the central financial institution has mentioned it expects the financial system to develop by 0.9% this 12 months.
Public funds will see a structural surplus of 0.7% of GDP in 2023, up from 0.4% seen final autumn, Borsen mentioned.
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