The recent economic upturn has enabled the Danish state to pay off its national debt at record rate, according to figures from the National Bank.
In recent years, the central government has paid back DKK 89.4 billion. Net debt has been reduced by 20 percent as a result, landing at a total of DKK 394 billion by the end of June.
The healthy national economy provided the impetus for debt-reduction, according to Anders Matzen, a senior analyst for Nordea bank.
'There are major surpluses across the board, so the state can pay back debt at record speed,' said Matzen.
The economic upturn has especially boosted the national economy. Increased employment has saved the state the cost of unemployment benefits, while increased private consumption brings additional income in the form of sales tax.