## Denmark: Staff Report for the 2004 Article IV Consultation

_IMF Staff Country Reports, August 6, 2004_

## Source details

**Canonical URL:** [Denmark: Staff Report for the 2004 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/denmark-staff-report-for-the-2004-article-iv-consultation-17608)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/denmark-staff-report-for-the-2004-article-iv-consultation-17608/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/denmark-staff-report-for-the-2004-article-iv-consultation-17608/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/denmark-staff-report-for-the-2004-article-iv-consultation-17608/bundle-manifest.json)

## Bibliographic details
- Published: August 6, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451811056.002

---

### Economic developments and policy overview
- The staff report focuses on economic developments and policies in Denmark.
- Fiscal policy delivered budget surpluses and a steady decline in government debt as a share of GDP.
- Fiscal policy is based on a medium-term strategy to accommodate pressures from an aging population while maintaining the welfare state without increasing taxes.

### Labor market reforms and outcomes
- Labor market reforms led to a sustained increase in structural employment.
- The report emphasizes labor, labor markets, labor supply, and labor taxes as central policy areas.

### Key findings and themes
- Sustained increase in structural employment following labor market reforms.
- Careful fiscal policy produced budget surpluses.
- Decline in government debt as a share of GDP under a clear medium-term sustainability strategy.
- Policy objective: maintain the welfare state without increasing taxes while managing aging-related pressures.

### Subjects and keywords (as stated in the report)
- Subjects: Employment, Expenditure, Labor, Labor markets, Labor supply, Labor taxes, Taxes
- Keywords: CR, Employment, employment outcome, expenditure growth, Global, growth, ISCR, Labor markets, Labor supply, Labor taxes, Lisbon employment objective, product market reform, reform, staff appraisal, wage distribution

### Publication and document identifiers
- Date: August 6, 2004
- Pages: 56
- Volume: 2004
- Issue: 240
- Series: Country Report No. 2004/240
- DOI: https://doi.org/10.5089/9781451811056.002
- Stock No: 1DNKEA0012004
- ISBN: 9781451811056
- ISSN: 1934-7685

*International Monetary Fund. "Denmark: Staff Report for the 2004 Article IV Consultation", IMF Staff Country Reports 2004, 240 (2004), August 6, 2004.*

---

## Content in this bundle

- **_cr04240**
  - [_cr04240 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2004/_cr04240.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr04240 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2004/_cr04240.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/denmark-staff-report-for-the-2004-article-iv-consultation-17608_