COPENHAGEN: Denmark's government on Monday said financial turmoil in the global economy would dampen economic growth but that the Nordic country would comply with the EU public sector deficit ceiling next year.
Finance Minister Bjarne Corydon also said in a statement that confidence in Denmark's fiscal policy would help keep interest rates low.
"I am satisfied that we can look forward to Denmark complying with the EU public sector deficit being brought below the ceiling of 3 percent of GDP in 2013 latest," Corydon said.
"The confidence in the fiscal policy allows us to maintain low interest rates," Corydon said.
Denmark's government forecast on Sunday bigger public sector deficits than previously seen, with the 2013 deficit estimated at 1.9 percent of gross domestic product, down from this year's estimated 4.0 percent.
The figures were obtained by Reuters ahead of the official release on Monday.
The government trimmed its forecast for GDP growth this year to 0.9 percent from a figure of 1.1 percent given in May, and raised its 2013 GDP growth projection to 1.7 percent from a previous 1.5 percent figure.
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