Low -income seniors will receive a tax -free fee of 5,000 crowns ($ 706).
The Danish Parliament approved cash transfers for the elderly and other measures totaling DKK 3.1 billion ($ 439 million) to reduce the impact of rising inflation and high energy prices. This was reported by Reuters.
Low -income seniors will receive a tax -free fee of 5,000 crowns ($ 706).
“Denmark’s economy is fundamentally strong, but it is being challenged by rising prices due to Putin’s war in Ukraine. So I’m glad that we can now help some of those where inflation is especially difficult, ”said Finance Minister Nikolai Vammen.
The measures, which also include lowering electricity tariffs, will be funded by lower public investment, which the Finance Ministry says will help avoid higher prices.
The central bank has previously warned that compensating low-income Danes and seniors with cash transfers could increase price pressure on the economy. However, the measures in Danish are less extensive than in some other European countries.
Representatives had earlier agreed to share the 2 billion crown subsidy to 419,000 households affected by rising electricity bills.
Earlier it was reported that Denmark supports Ukraine’s European integration.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.