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News in english 27. aug. 2012 KL. 10.21

The Budget: Billions on education and research

The government plans to allocate DKK2.9billion more on education and grants next year.

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Education and research are two of the main thrusts of the government’s budget proposal which is to be announced this morning.

The government is expected to allocate DKK20.2billion to the research budget – some 4.1 billion more than in 2007. Overall the government wants a research budget at 1.07 per cent of GDP.

Education and the grant system are also to be given a boost with an extra DK2.9billion.

Some of the other initiatives that have been presented in recent days are:

  • A test centre for the water industry at DKK16.7million
  • An improved effort to prevent work accidents at DKK12million
  • A new Storstrøms Bridge at DKK3.9billion
  • A package for youth, adult apprenticeships and job rotation at DKK635million
  • DKK596million for energy research into the energy systems of the future.

The government is also expected to increase spending on vulnerable groups to the tune of DKK265million in 2013, predominantly to be used on vulnerable children and young people, integration and an increased effort for those on disability pensions and those on flexible labour.

The development aid budget is also to be increased by DKK371million in 2013, and further funds are to be allocated to police efforts to stop speeding.

Financing for the government initiatives is to come, among other things, from savings on business subsidies to the tune of some DKK2billion in 2013, some DKK500million of which is to come from stopping an allocation of some DKK500million in energy renovation.

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Edited by Julian Isherwood