Law Amending The Law On The Economic Council And The Environmental Economic Council (Economic Council's Annual Assessment Of The Danish Fiscal And Spending Policies, Etc.)

Original Language Title: Lov om ændring af lov om Det Økonomiske Råd og Det Miljøøkonomiske Råd(Det Økonomiske Råds årlige vurdering af dansk finans- og udgiftspolitik m.v.)

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.
Law amending the law on the Economic Council and the environmental economic Council

(The Economic Council's annual assessment of the Danish fiscal and spending policies, etc.)

WE, MARGRETHE the SECOND, by the grace of God Queen of Denmark, do indeed:

The Danish Parliament has adopted and we know Our consent confirmed the following law:

§ 1

The law on the Economic Council and the environmental economic Council, see. lovbekendtgørelse nr. 1054 of 21. August 2007, shall be amended as follows: 1. In section 1, the following is inserted as paragraph 2: ' (2). The Economic Council shall annually assess the sustainability of long-term government finances and the medium-term developments in the General Government balance and assess whether the agreed expenditure ceilings are aligned with the fiscal targets for public finances given the reforms and financing initiatives, etc., which are decided by a majority in the Folketing. The Economic Council shall also assess whether the agreed expenditure ceilings are respected both in the planning phase, as when the accounts are available. '

2. In section 4, paragraph 2 1. paragraph, the words ' Chief of staff ' to: ' Director '.

3. In section 4, paragraph 3, the words ' Executive Secretary ' to: ' the Director '.

§ 2 the law shall enter into force on the 1. January 2014.

Given at Christiansborg Palace, the 18. June 2012 Under Our Royal hand and Seal MARGRETHE r./Margrethe Vestager