Denmark agrees aid package to cushion blow from inflation

the statue of the little mermaid on a rock in copenhagen denmark

COPENHAGEN, Feb 10 (Reuters) – Denmark’s government has agreed with parliament to spend 2.4 billion Danish crowns ($346.12 million) on an aid package aimed at easing the blow from higher prices on vulnerable Danes, the country’s finance ministry said on Friday.

A large part of the deal entails giving a tax-free cash handout of 5,000 Danish crowns to elderly people with a limited income. Families with young children would also receive some help.

Danish companies will be allowed to postpone tax payments due this summer by three-and-a-half months.

Inflation in January landed at 7.7%, Statistics Denmark said on Friday, below a peak of 10.1% seen in October.

($1 = 6.9341 Danish crowns)

Discover more from The Dispatch

Subscribe now to keep reading and get access to the full archive.

Continue reading

Verified by MonsterInsights