The Danish Debt Ceiling Legislation
This month marks 28 years since the Danish Parliament first adopted its debt ceiling legislation, Act on Authorization to Take Out State Loans (Lov om bemyndigelse til optagelse af statslån (LOV nr 1079 af 22/12/1993). On December 17, 1993, Parliament voted to empower the government to take out state loans, without first asking for permission […]