council opinion march 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 march council examin denmark updat converg programm cover period macroeconom scenario assum updat converg programm project real gdp growth increas level inflat expect remain unemploy remain low council note econom scenario plausibl line commiss autumn forecast council note satisfact denmark continu fulfil converg criteria inflat long term interest rate exchang rate public financ council note outcom govern surplu expect due shortfal revenu link downturn stock market comfort surplu achiev council welcom mainten object keep surplus gdp programm period gener govern debt expect reduc gdp result denmark continu fulfil comfort requir stabil growth pact budgetari posit quot close balanc surplu quot entir period cover programm denmark expect withstand normal cyclic downturn breach gdp deficit refer budgetari consolid strategi includ declin primari expenditur gdp ratio tax burden programm period outlin previou updat programm upheld strategi strengthen govern commit freez tax excis duti order put halt upward drift tax burden council welcom measur note prevent reduct margin tax labour council note expenditur control mix record recent year target restrain real public consumpt growth frequent overstep expenditur control local govern countri import decis freez tax high gener govern surplus assur council call level gener govern make effort control expenditur real increas public consumpt fulfil target averag annual growth invit danish govern strengthen institut framework avoid slippag futur recommend council opinion year focu longer term sustain issu programm welcom council note satisfact object substanti lower ratio gross debt gdp enhanc sustain public financ render danish economi good posit handl project expenditur rise due ag popul continu complianc stabil growth pact note result condit continu realis high surplus project assum continu high tax ratio gdp council note high tax ratio gdp difficult achiev framework increas mobil tax base result globalis increas labour forc particip rate denmark import assumpt project programm larg part increas reform undertaken full effect set structur reform need function labour market includ reduct tax labour increas labour suppli council encourag author proce measur maintain adher stabil growth pact requir oj oj