finanslovssystemet
The Finanslovssystemet, or budgetary system, in Denmark refers to the comprehensive framework governing the state's finances. It encompasses the annual budget law, the budget process, and the underlying principles for public expenditure and revenue. The core of the system is the Finanslov, or Finance Act, which is debated and passed by the Danish Parliament (Folketinget) annually. This act details the government's proposed allocation of funds across various ministries and public sectors for the upcoming fiscal year.
The process begins with the Ministry of Finance preparing a draft budget proposal, taking into account economic
Key elements of the Finanslovssystemet include principles of fiscal discipline, transparency, and accountability. The system aims