Editing Economy of Denmark (section)

===Overall organization===

Since a local-government reform in 2007, the general government organization in Denmark is carried out on three administrative levels: central government, regions, and municipalities. Regions administer mainly health care services, whereas municipalities administer primary education and social services. Municipalities in principle independently levy income and property taxes, but the scope for total municipal taxation and expenditure is closely regulated by annual negotiations between the municipalities and the [[Finance Minister of Denmark]]. At the central government level, the [[Ministry of Finance (Denmark)|Ministry of Finance]] carries out the coordinating role of conducting economic policy. In 2012, the Danish parliament passed a Budget Law (effective from January 2014) which governs the over-all fiscal framework, stating among other things that the [[structural deficit]] must never exceed 0.5% of GDP,<ref name=oecdgov>{{cite web| url = https://www.oecd.org/gov/budgeting/Denmark.pdf| title = Denmark. OECD Journal on Budgeting, Volume 2015/2,OECD 2016}}</ref> and that Danish fiscal policy is required to be [[fiscal sustainability|sustainable]],<ref>{{cite web| url = https://dors.dk/vismandsrapporter/dansk-oekonomi-foraar-2017| title = Danish Economic Council: Danish Economy, Spring 2017. English Summary |page=297 |date=24 May 2017}}</ref> i.e. have a non-negative fiscal sustainability indicator. The Budget Law also assigned the role of [[EU Independent Fiscal Institutions Network|independent fiscal institution]] (IFI, informally known as "fiscal watchdog"<ref>{{cite web| url = https://dors.dk/english| title = Danish Economic Councils. Information in English on website of Danish Economic Councils. |access-date=24 November 2018 |date=30 September 2014}}</ref>) to the already-existing independent advisory body of the [[Danish Economic Councils]].<ref name=oecdgov/>