Chapter 1	The aim of the
Chapter 2	Budget balance and correction mechanism
Chapter 3	Expenditure ceiling
Chapter 4	State expense control
Chapter 5	Municipalities
Chapter 6	Regions
Chapter 7	The entry into force, etc.

Budget law 1)

We, by God's grace, the Queen of the Danes, do our thing.

The parliament has adopted the following law, and we know that the following law has been approved by Parliament's consent :

Chapter 1

The aim of the

§ 1. The law aims to ensure balance or surpluses in the overall public finances and an appropriate expenditure management in the state, municipalities and regions.

Chapter 2

Budget balance and correction mechanism

Budget balance

§ 2. The overall budgetary position of the total public finances must be in balance or show a surplus.

Paragraph 2. The one in paragraph 1. 1 mentioned budgetary equilibrium are met if the structural balance is at the level of the medium-term objective laid down in the revised Stability and Growth Pact, and with a lower limit for a structural deficit of 0,5%. Gross Domestic Product.

Paragraph 3. There is a rapid convergence of convergence towards the points set out in paragraph 1. 2 the medium-term objectives set out in accordance with a timetable determined on the basis of a proposal from the European Commission.

Paragraph 4. An evaluation of progress must be made towards the progress made in paragraph 1. 2 the medium-term objectives and compliance shall be mentioned on the basis of a comprehensive assessment of the structural balance as a reference, including an analysis of the expenditure exclusive of the cost of the revenue side, in line with the revised revised version ; Stability and Growth Pact.

Paragraph 5. This may be temporarily diverted from the one in paragraph 1. 2 the medium-term objectives or the adaptation path towards the medium-term objective in the case of exceptional circumstances, provided that the interim deviation does not endanger the medium-term fiscal sustainability of the medium term.

Paragraph 6. In exceptional circumstances, an exceptional event outside the control of the State shall be understood and which has a decisive impact on the overall public finances, or periods of serious economic setback as set out in the audited year, Stability and Growth Pact.

Correction Mechanis

§ 3. Every year, the Finance Minister is making a statement of the structural balance for the following financial year.

Paragraph 2. If, on the basis of the Finance Minister's statement of the structural balance for the following financial year, a substantial deviation from the medium-term objective or the adjustment path towards the medium-term objective shall be recorded, then the above-point shall be determined ; are carried out in order to make a correction to the deviation.

Paragraph 3. A significant deviation means a negative deviation of at least 0,5%. Gross Domestic Product.

Paragraph 4. In the first paragraph, The Finance Minister shall submit an overall plan for the cases referred to in paragraph 1. 2 mentioned measures.

Paragraph 5. The people in paragraph 3. The measures referred to above shall result in an improvement of the structural balance of at least 0,5%. of the Gross Domestic Product, with effect from the following financial year.

Administrative empowerment

§ 4. The Finance Minister may lay down detailed rules for the method of determining the structural balance.

Chapter 3

Expenditure ceiling

Establishment of expenditure ceilings for the state, municipalities and regions

§ 5. For each financial year, three expenditure ceilings for the state, municipalities and regions of the Member States shall be established, cf. § § 6-8.

Paragraph 2. For an expenditure ceiling, an upper limit of specific actual expenditure in the financial year is defined, cf. § 9. 9-11.

Paragraph 3. An amount of expenditure shall be entered as a sum of billions of dollars with one decimal place.

§ 6. At the same time, the Finance Bill can submit a proposal for the setting of expenditure ceilings for the state, municipalities and regions, for the fourth of the following financial years.

Paragraph 2. The Finance Minister may, in exceptional cases, submit a proposal for the amendment of the measures referred to in paragraph 1. Paragraph 1 of the said legislation on the setting of expenditure ceilings for the state, municipalities and regions.

§ 7. The Finance Bill will include an overview of the applicable expenditure ceilings for the state, municipalities and regions of the three following financial years and the proposed expenditure ceilings for the state, municipalities and regions for the fourth of the following financial years.

Paragraph 2. The Treasurer shall place them in paragraph 1 1 mentioned expenditure ceilings for the budgeting of the draft financial bill and framework for the agreements with municipalities and regions on their economies and so on.

§ 8. Regardless of section 6 and 7, the Finance Minister, with the approval of the European Parliament's Financial Committee, in the context of the annual report on the fixing of state block grants to municipalities and regions, etc., shall make a distribution between the applicable expenditure ceilings for : State, municipalities and regions.

Paragraph 2. The Finance Minister may make a reduction in the applicable expenditure ceilings for the state, municipalities and regions, to the extent justified by new legislation leading to an increase in expenditure on unemployment-related income transfers and so on, including wage supplements and statutory operating costs for the activation of recipients of low-income-related income transfers. The Finance Minister may also make an increase in the applicable expenditure ceilings for the state, municipalities and regions, to the extent justified by new legislation leading to a reduction in expenditure on unemployment-related income transfers and so on, including payroll supplements and law-bound operating charges when enabling recipients of lediency-related income transfers.

Paragraph 3. The Finance Minister can make a reduction in the applicable expenditure ceilings for the state, municipalities and regions, to the extent that it is justified in new legislation that leads to an increase in tax expenditure. The Finance Minister may also make an increase in the applicable expenditure ceilings for the state, municipalities and regions, to the extent that it is justified in new legislation that leads to a reduction in tax expenditure.

Paragraph 4. The Finance Minister may make a change to the applicable expenditure ceilings for the state, municipalities and regions, to the extent that it is justified in a change in the expenditure or division of tasks between state, municipalities and regions, or a change to the binding force ; the establishment of state regulation of the activities of local authorities and regions (the extended total balance principle), price and wage regulation of the aforementioned expenditure ceilings or similar technical corrections.

Paragraph 5. The Finance Minister will inform the European Parliament's Financial Committee on changes to the applicable expenditure ceilings for the state, municipalities and regions and publishes information about this at the Ministry of Finance on the Internet.

The State Expense Cap

§ 9. The state expenditure ceiling consists of two separate sub-ceilings for operating expenses and income transfers respectively.

Paragraph 2. The state sub-limit on operating costs is an upper limit for the state net operating costs, the expenditure on grants, etc. and the costs of transfers abroad in the financial year, cf. however, paragraph 1 3.

Paragraph 3. The state sub-limit on operating expenditure does not include the following expenditure :

1) Charges to the royal house and Parliament's parliament.

2) Legislative operational expenditure in relation to employment.

3) Comes to municipal and regional VAT reimbursement.

4) Expenditure to block subsidies, budget guarantees, employment grants and associated pools and grants to municipalities.

5) Expenses to block subsidies and associated pools and subsidies for regions.

Paragraph 4. The state sub-limit on income transfers is an upper limit for the state expenditure of the financial year for income transfers, etc., including the statutory operating costs associated with the employment effort, cf. however, paragraph 1 5.

Paragraph 5. The state sub-limit for income transfers does not include expenses for lediency-related income transfers, etc., including payroll and statutory operating charges on enabling recipients of lediency-related income transfers.

Municipal Expense Cap

§ 10. The municipal expenditure slots is an upper limit for the municipal net operating costs of the financial year service.

Regional Expense Cap

§ 11. The regional ceiling of expenditure consists of two separate sub-ceilings for the health sector and the regional development tasks.

Paragraph 2. The regional sub-ceiling for the health sector is an upper limit for the regional net operating costs of health and the expenditure of subsidies for medicinal products under the financial year.

Paragraph 3. The regional sub-ceiling of regional development tasks is an upper limit for the regional net operating costs of the regional development tasks in the financial year.

Administrative empowerment

§ 12. The Finance Minister may lay down detailed rules for the fixing of expenditure ceilings for the state, municipalities and regions, cf. Section 5-8, and on the composition of the state expenditure ceiling, the municipal expenditure ceiling and the regional cost ceiling, cf. § 9. 9-11.

Chapter 4

State expense control

The preceding expense control

§ 13. All ministers shall perform at specific times in the financial year on the basis of available accounting figures, other available information and an estimate of the financial year for checking whether the final accounts of the minister area is in question ; The financial year may be expected to exceed the appropriations for the financial year.

Paragraph 2. If a minister's expenditure control pursuant to paragraph 1 is carried out, 1 shows that the final accounts of the minister area of the financial year may be expected to exceed the financial year, the minister concerned shall take a decision to implement measures intended to counter the expected period of the financial year ; Exceeding the appropriations for the financial year.

§ 14. All ministers shall report at specific times in the financial year financial year for information to the Finance Minister on the outcome of the last expenditure check pursuant to Article 13 (1). 1 and the detailed content of any decision taken pursuant to Article 13 (1). 2.

Paragraph 2. On the basis of ministers ' information, the Finance Minister shall check whether the final accounts figures for expenditure covered by the state expenditure ceiling for the financial year can be expected to exceed the state expenditure ceiling for the financial year.

Paragraph 3. Where the Finance Minister's expense control pursuant to paragraph 1 2 shows that the final accounts for expenditure covered by the state sub-ceiling for operating costs for the financial year may be expected to exceed the state sub-limit for operating expenditure for the financial year, the Finance Minister shall set up 30 days of one ; conceptual limitation of an overall amount equal to the expected overrun of the state sub-limit for the operating expenditure of the financial year, cf. however, paragraph 1 4.

Paragraph 4. The Finance Minister may, to the extent the expected overshoot of the state sub-ceiling for operating costs for the financial year is addressed by other measures, decide not to lay down a restriction or to fix it. reduced conceptual limitation.

Subsequent Expense Control

§ 15. The Finance Minister shall make, at the latest by the end of the first quarter of the new financial year on the basis of the accounts available for the previous financial year, a check on whether the accounts are available for expenditure covered by the state expenditure ceiling at the end of the year. for the preceding financial year, the state expenditure limit for the previous financial year exceeds the state expenditure limit.

Paragraph 2. Where the Finance Minister's expense control pursuant to paragraph 1 1 shows that the accounts available for expenditure covered by the state sub-ceiling for operating costs for the preceding financial year exceed the state sub-limit for operating expenditure for the previous financial year, the Finance Minister before 30 days a reduction of the state sub-ceiling for operating costs for the new financial year in an overall amount equal to the overrun of the official sub-limit for operating expenditure for the previous financial year and shall fix a corresponding outline limitation ; cf. however, paragraph 1 3.

Paragraph 3. The Finance Minister may, to the extent that the acceding of the State sub-ceiling for operating costs for the previous financial year, can be met through other measures, take a decision not to reduce the state sub-ceiling for the operating costs of the new financial year or to make a limited reduction in the cost of the financial year. In 1. Act. in the case of such cases, the Finance Minister shall lay down a corresponding outline limitation.

Orientation of the Finance Committee of the People's Committee

§ 16. The Finance Minister will inform the European Parliament's Financial Committee on the essential results of the state expense control and publish information about this on the Ministry of Finance on the Internet.

Administrative empowerment

§ 17. The Treasurer may lay down detailed rules on the state expenditure control, including the checks on the state sub-limit for transfer of income, cf. § § 13-16.

Chapter 5

Municipalities

§ 18. In the law of the local authority, cf. Law Order no. 1440 of 1. November 2010, as last amended by Section 1 of Law No 1. 387 of 24. April 2012 is amended as follows :

1. I § 40 pasted as paragraph FOUR :

" Stop. 4. The Minister for Economic and Home Affairs may lay down detailed rules on the relationship between revenues and expenditure in the annual budget and the multi-annual budget headings or parts thereof. `

Chapter 6

Regions

§ 19. In the law on regions and on the abandonings of the County Communes, the Master ' s Development Council and the Main Static Hospital (Region Castle), cf. Law Order no. 1401 of 1. In November 2010, as amended by Section 2 of Law No 387 of 24. In April 2012, the following changes are made :

1. I § 21 pasted as paragraph 5 :

" Stop. 5. The Minister for Economic and Home Affairs may lay down detailed rules on the relationship between revenues and expenditure in the annual budget and the multi-annual budget headings or parts thereof. `

2. The following section 28 is inserted :

" § 28 a. The Minister for Economic and Home Affairs can lay down rules that, in exceptional cases, an exceptional economic follow-up can be put into practice in relation to a region.

Paragraph 2. As part of the extraordinary follow-up, the Economic and Interior Minister can place the region on the regional council :

1) Establishment binding target figures for the region's economic development for one of the minister-established period and

2) lay down requirements for the disposal of the region's liquid funds, including the means of landfill. ` ;

Chapter 7

The entry into force, etc.

20. The law shall enter into force on 1. October 2012, cf. however, paragraph 1 2.

Paragraph 2. The Treasurer shall determine the time of entry into force of the Act of Title 2 to 4.

Paragraph 3. Act's section 5-14 and 16-18 and section 19, nr. 1 has effect from the 2014 financial year.

Paragraph 4. The Act of Loven Section 15 has effect from 2015.

§ 21. By the same time, the Finance Minister can submit a proposal for the setting of expenditure ceilings for the state, municipalities and regions for the financial year 2014, 2015, 2016 and 2017. The applicable section 5 to 17 shall apply mutatis mutis.

Paragraph 2. If it's in paragraph 3. Paragraph 1 of this proposal for the setting of expenditure ceilings for the State, the municipalities and the regions of the financial year 2014, 2015, 2016 and 2017 are not adopted until the beginning of the 2014 financial year, 2014, in the 2014 financial year, a state control check shall be carried out on the basis of that ; the appropriations for the financial year. The Act of Section 13 to 17 shall apply mutatis mutis.

§ 22. The Finance Minister is putting forward proposals to review the law of the year 2018-19.

-23. The law does not apply to the Faroe Islands and Greenland.

1) The law contains provisions that implement parts of the Treaty of 2. March 2012 on stability, coordination and governance in the Economic and Monetary Union (Finance Pact).