council opinion februari updat converg programm denmark council european union regard treati establish european commun regard council regul ec juli strengthen surveil budgetari posit surveil coordin econom polici articl thereof regard recommend commiss consult econom financi committe deliv opinion februari council examin updat converg programm denmark cover period programm fulli compli data requir quot code conduct content format stabil converg programm quot macroeconom scenario underli programm envisag real gdp growth firm averag basi inform scenario reflect cautiou growth assumpt programm project inflat realist medium term budgetari framework includ target rang gener govern surplus gdp averag limit yearli real public consumpt growth onward expenditur control reinforc call tax freez central govern sector pension fund expect show stabl surplus programm period local govern project balanc budget requir law updat programm forese surplus gdp surplu reach gdp expenditur revenu ratio gradual declin trend project period adjust estim impact cycl common methodolog cyclic adjust budget balanc surplu project period project gener govern surplu target close updat differ term due revis assumpt gdp growth effect recent polici measur includ march fiscal packag frontload tax reform adopt project surplus slightli lower previou updat due revis demograph assumpt contribut lower long term fiscal requir current updat broadli confirm strategi previou updat similar macroeconom scenario risk budgetari project fairli balanc extent weight outcom project year programm number year denmark post gener govern budget surplus held surplu gdp spite gdp growth higher oil price assum updat improv public financ denmark small net oil export composit gdp growth come year larg base domest demand cater sustain revenu support favour develop public financ medium term downsid risk project includ failur restrain public expenditur target growth local govern level reach medium term target higher employ view risk assess budgetari stanc programm suffici maintain medium term budgetari posit close balanc surplu requir stabil growth pact programm period suffici safeti margin breach gdp deficit threshold normal macroeconom fluctuat gross debt ratio stood gdp project updat reach gdp main contribut fall debt ratio posit primari balanc impact nomin gdp growth denmark appear favour posit regard long term sustain public financ signific project budgetari cost ag popul budgetari strategi outlin programm base debt consolid continu budgetari surplus result sustain posit time achiev continu tight expenditur control consider rise employ strategi reli prove challeng econom polici outlin updat broadli consist countri specif broad econom polici guidelin area public financ real gdp chang cp nov oct cp nov hicp inflat cp nov oct cp nov gener govern balanc gdp cp nov oct cp nov primari balanc gdp cp nov oct cp nov cyclic adjust balanc gdp cp nov oct cp nov govern gross debt gdp cp nov oct cp nov oj