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Denmark Will Borrow More Money to Finance Economic Stimulus

Danish Central Bank Sees Risk of Slow Recovery From Crisis
Photographer: Carsten Snejbjerg/Bloomberg

Denmark needs to borrow more than previously expected as postponed tax collection and other stimulus take a heavy toll on public finances.

The country’s financing need will be 374 billion kroner ($60 billion) this year, compared with a May estimate of 294 billion kroner, the finance ministry said late on Sunday. Economists had expected a reduction because the government’s aid programs have been tapped less than forecast.