Denmark

No amount/estimate: (i) Policy rate reductions: From 0.75% to 0.1% in two steps on 11 and 19 March 2020.

(i) 12 March 2020, DKK200 billion in additional liquidity after Danish authorities reduced the countercyclical capital buffer from 1% to 0% and cancel the planned increases meant to take effect later; (ii) No amount/estimate: 30 March 2020, A joint statement by the government and the financial sector commits banks and mortgage banks to support households with additional loans and payment holidays. Banks and insurance companies are urged by the DFSA not to pay out dividends or buy back shares; (iii) No amount/estimate: The DN also increased the interest rate on the previously announced 1-week loans to -0.35%.

(i) 10 March 2020, DKK32.5 billion liquidity effect of deferral of monthly VAT payments for large firms; (ii) 26 March 2020, DKK1.1 billion liquidity effect of deferral of property taxes; (iii) March, DKK74 billion liquidity effect of deferral of income tax payment and labor market contributions; (iv) April, DKK35.4 billion VAT payments already made for second half and last quarter of 2019 are made available as interest free loans; (v) April 2020, DKK5 billion liquidity impact of deferral of provisional taxes for self-employed; (vi) 28 May 2020, DKK18 billion from further VAT deferrals for medium-sized firms; (vii) 21 January 2021, DKK7 billion from general deferral of the payment deadlines for A-tax, labor market contributions, B-tax and VAT - as well as payroll tax for certain companies. As of 29 January, these measures are extended for 2021, and the government estimates an additional DKK170 billion in spending to be generated; (viii) No amount/estimate: 6 May 2021, Deferred payment deadlines; The June payment of A-tax and AM-contributions is pushed to January 2022, while the repayment deadline for small and medium-sized companies' A-tax loans for January 2021 is moved from November 2021 to November 2022.

6 December 2020, The Finance Act agreement for 2021 includes support for the experience economy, including restaurants and hotels, etc. of DKK750 million. This applies to e.g. tax exemption of employer-paid gift cards as well as other civil society efforts.

(i) 12 March 2020, No amount/estimate: Short-time Work Scheme made more flexible; (ii) DKK10 million for upskilling of dismissed employees; (iii) DKK1.7 billion sickness benefit reimbursement available from 27 February 2020 to 1 January 2021; (iii) 18 April 2020, DKK6 billion for the Job Retention Scheme available from 9 March to 8 July 2020. Take-up rate around 5% of the labour force (150,000 employees) on 19 April; (iv) 18 April 2020, DKK277 million for increased access to unemployment and sickness benefits. As of 5 June 2020, the wage compensation has been extended to 29 August 2020; (v) 18 April 2020, DKK14.3 billion compensation scheme for self-employed; (vi) No amount/estimate: 14 May 2020, Increased holiday and time-off benefits for students, apprentices, and trainees; (vii) No amount/estimate: 26 May 2020, Relaxed requirements to receive pension and unemployment benefits; (viii) No amount/estimate: 26 May 2020, Frozen holiday funds must be paid out by employers by 1 September 2020. As of 24 March 2021, DKK52 billion has been paid out, and another DKK22 billion will be released; (ix) No amount/estimate: 15 June 2020, Announced a one-time grant of DKK1,000 to be paid to beneficiaries who were fully or partially publicly supported by a public income transfer in the month of April; (x) No amount/estimate: 15 June 2020, Gives six months' grief leave to all parents who lose a child under the age of 18; (xi) No amount/estimate: Extended the suspension of the 225-hour rule for cash beneficiaries until 8 September 2020; (xii) DKK730 million for increased unemployment benefits - unemployed people over 30 years will be entitled to take a vocational education of 110% unemployment benefit; (xiii) 13 July 2020, The European Commission has approved two Danish schemes to support self-employed workers and freelancers affected by the coronavirus outbreak: (a) DKK500 million for self-employed workers active in all sectors of the economy except the financial sector; (b) DKK200 million for self-employed workers and freelancers whose yearly income is strongly dependent on delivering goods or services linked to large events, which were initially planned for the summer of this year but had to be cancelled or postponed due to the emergency measures put in place by the Danish government to limit the spread of the coronavirus; (xiv) 19 January 2021, DKK25 million in new work grants for financially challenged artists; (xv) 24 February 2021, DKK60 million estimated effect of allowing pensioners who have taken extra COVID-related work to prohibit such income from being deducted against their pensions. As of 20 April 2021, this has been approved by the Folketing (Danish parliament); (xvi) 3 March 2021, DKK100 million to help graduating students complete their education and graduate on time despite the school closures; (xvii) No amount/estimate: 12 March 2021, Requirements have been relaxed to allow self-employed pregnant women to receive maternity benefits; (xviii) No amount/estimate: 4 May 2021, A bill was passed allowing employees to choose to unsubscribe from the early retirement scheme and have their paid contributions paid out in cash and tax-free in the first half of 2022; (xix) 19 May 2021, The government enters into a broad agreement on a summer and business package of DKK 1.65 billion to boost the tourism and experience economy. The package includes a DKK165 million framework for vulnerable people, people with disabilities, children, young people and the elderly.

(i) 26 March 2020, DKK6.5 billion frontloading of payment by local governments to firms; (ii) 1 April 2020, DKK300 million compensation scheme to event organizer companies extended; (iii) 7 April 2020, DKK1.2 billion for a range of minor support schemes established to support agents and businesses with cultural activities, sports and private education. This amount has been increased to DKK1.9 billion; (iv) 18 April 2020, DKK65.3 billion compensation scheme for companies’ fixed costs available for the period 9 March to 8 July; (v) 18 April 2020, DKK350 million for Innovation and Sustainable Growth in Business Scheme to support new projects. As of 5 August 2020, the European Commission (EC) has approved the extension of this program to help affected companies restructure and consolidate themselves. The modification will also improve cooperation between large companies and SMEs in green transition; (vi) 14 July 2020, DKK1.1 billion to compensate fixed costs of companies whose activities are still subject to the restrictive measures implemented by the Danish Government to limit the spread of the coronavirus. As of 7 August 2020, this measure has been extended to 29 August 2020 for companies which are still not allowed to open under the current rules; (vii) 10 September 2020, DKK250 million economic recovery package that will be used to strengthen the companies in the Nordic countries' opportunities in the green transition, remove burdens for companies, and get particularly hard-hit businesses such as. tourism back on track; (viii) 26 January 2021, DKK13 billion paid to its mink farmers after it closed down the industry over coronavirus fears. The measure will consist of reimbursements for the cull, as well as support for them to change their businesses. As of 7 April 2021, the EC has approved this measure. Related to this measure, the allocation of an additional DKK1.9 billion to support mink farmers was also acknowledged by the EC as exempt from the approval process and immediately enforceable; (ix) 3 February 2021, DKK315 million in grants to companies for authorized work environment advice, for health promotion in the form of physical training at work, or to try out aids that can improve the ergonomic work environment; (x) 11 February 2021, As part of the government's latest DKK9.5 billion aid package: (a) relaxed requirements for the self-employed to receive government benefits, (b) DKK175 million to improve the compensation scheme for fixed costs, (c) DKK35 million to compensate companies that have seasonal/perishable goods with an expiration date of more than one month. The balance is in Measure 10; (xi) 15 March 2021, DKK500 million to compensate the organizers of major festivals if they get cancelled due to COVID-19 restrictions. The scheme is valid until 30 September 2021. An additional emergency pool of DKK30 million is also allotted for charitable music festivals; (xii) 19 March 2021, DKK40 million would be used compensate weekly newspapers for lost earnings as part of a bigger "cultural aid" package; (xiii) 19 May 2021, The government enters into a broad agreement on a summer and business package of DKK 1.65 billion to boost the tourism and experience economy. The package includes (a) DKK295 million for tourism industry kickstart and (b) DKK155 million in 2021 and DKK75 million annually in 2022-2023 to strengthen Danish exports. 4 June 2021, The government launched a new summer and business package to help the hard-hit sectors while creating great holiday experiences for guests. DKK178 million will be allocated to the conversion pool, which hotels, restaurants, conference centres and other hard-hit companies can apply for. It also establishes a scheme where restaurants throughout the country can apply for grants of up to DKK35,000 to give discounts or organise activities that can attract tourists over the summer and autumn.

(i) DKK2.5 billion frontloading of investments in e.g. energy renovation and similar initiatives in municipalities; (ii) 20 May 2020, Established a pool of DKK20 million to sponsor collegiate, cultural, and sporting activities for vulnerable and elderly citizens during the coronavirus crisis. The pool is managed by the Ministry of Culture's Palace and Culture Board; (iii) No amount/estimate: Extended deadlines for Danish municipalities and regions to prepay deliveries worth DKK1 million (minus value added taxes) or less; (iv) DKK700 million summer fiscal package for the tourism, transportation, athletics, and culture sectors; (v) 1 July 2020, DKK7.5 billion disbursed to municipalities for transfer costs, employment grants, and other non-health expenditures. The other 1.4 billion of the 8.9 billion total package can be found in (iii) of Measure 5A; (vi) 1 February 2021, DKK3.1 million to GAME, which offers street sports, and the National Association of Venues and Sports for the Mind. The money will be used to initiate sports activities; (vii) 19 March 2021, DKK250 million as part of a "cultural aid" package, composed of DKK200 million for the activity pool and DKK50 million for culture and sports initiatives; (xiii) 19 May 2021, The government enters into a broad agreement on a summer and business package of DKK1.65 billion to boost the tourism and experience economy. The package includes (a) DKK330 million for initiatives targeted at the cultural area and (b) DKK110 million for cheaper domestic transport; (xiv) April 2021, DKK11.4 billion under the Danish recovery plan (funded by the NextGenerationEU) for (a) Green conversion of agriculture and environment (b) Energy efficiency improvements, green heating, CCS, etc., (c) Green tax reform, (d) Green conversion of road transport, (e) Digitization, and (f) Green research and development.

(i) 6 December 2020, DKK2 billion for restructuring efforts. The money will go to the conversion of SMEs in hard-hit areas, upskilling and targeted training efforts, the establishment of regional growth teams and unemployment benefits; (ii) No amount/estimate: 11 December 2020, The general aid packages for Danish business and cultural life are reopened to the whole country and not only to the municipalities where there are stricter restrictions right now. This means that the compensation scheme for fixed costs and the compensation scheme for the self-employed, etc. will be reopened; (iii) No amount/estimate: 22 February 2021, all existing aid schemes are extended until 5 April 2021; (iv) 19 May 2021, The government enters into a broad agreement on a summer and business package of DKK1.65 billion to boost the tourism and experience economy. Of this amount, DKK165 million is recorded Measure 05b3 (item xix), DKK600 million in Measure 05b5 (item xiii), and DKK440 in Measure 05B5. The balance of DKK445 million (of which DKK400 is for particularly vulnerable sectors) is recorded here.

(i) EUR60 million over a 10-year loan agreement between the Nordic Investment Bank (NIB) and the Danish Ringkjøbing Landbobank (RLB) for onlending to environmental projects and to SMEs in Denmark. This initiative is part of NIB's special support for sustainable business during the COVID-19 pandemic; (ii) April 2002, DKK11.6 billion from the NextGenerationEU to support the national recovery and resilience plan.