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4/16/14

Denmark falling behind in public investment

Compared to other EU nations, Denmark struggles when it comes to investing in the construction and maintenance of schools, roads, railways and other public facilities.

Denmark ranked 22 out of the 27 EU member states plus Norway in a comparison of public investment as a proportion of gross domestic product (GDP) between 2009 and 2012, according to an analysis by Momentum magazine, published by the local government organiszation, KL.

“One can’t say that Denmark is impressing on the list and it surprises me that we are competing with Greece and Slovakia when we have such a huge public sector,” Martin Damm (V), the head of KL and mayor of Kalundborg, told Politiken newspaper.
 
The Ministry of Finance put the level of public investment under the current government at 44 billion kroner annually, which the ministry argues was the highest amount in over 30 years.

Read more: Denmark falling behind in public investment - News - The Copenhagen Post

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