Landskassen has the prospect of higher revenues than expected and a positive deviation from the budget of DKK 108.1 million. DKK, shows a budget follow-up from the Department of Finance.
Naalakkersuisut has just published a budget update for the Self-Government’s finances. The update shows the status as of June, and it contains good news for the national treasury.
In the Finance Act for 2026, a DAO deficit of DKK 40.5 million has been budgeted. DKK, but the updated budget shows that the national treasury is instead heading for a surplus of DKK 67.7 million. A positive deviation of DKK 108.1 million. DKK
However, the department emphasizes that there is still a risk of significant deviations, especially in the tax and pension area.
The improvement in the budget is due, among other things, to the fact that DKK 120 million is expected. DKK more in resource interest taxes and DKK 25 million. DKK more in national tax.
21.1 million is also expected. DKK more from import duties and additional income from pension taxes of DKK 13.5 million. DKK
On the negative side, the department expects less income from the EU partnership agreement of as much as DKK 125 million. A total of DKK 267 million has been budgeted in the Finance Act for 2026 with income from the EU partnership agreement. DKK
The Department of Finance writes in the update that the large deviation regarding the EU funds is primarily due to a shift in the payment time for a variable part of the grant. This part is now expected to be paid out in the first quarter of 2027.
With regard to the cash balance, it also appears to be improving, after last September it was down to DKK 56 million. From April onwards, liquidity has increased considerably, and in June it was DKK 918.1 million. DKK against DKK 737.7 million DKK at the same time in 2025.
