The 2026 budget proposal gives too many tax cuts to the wealthy while not doing enough for people who really need financial help, SF’s economic spokesperson Sigurd Agersnap said during a debate on the proposal in parliament on Tuesday.
Politicians discussed the proposal as part of the draft bill’s first reading in parliament as the government seeks to gain broad support for next year’s budget.
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The budget proposal includes slashes to tax on electricity, chocolate and coffee, as well as on books.
“The budget has lower sugar tax, cuts to the top income tax rate, and tax relief for business heirs, including inheritance tax reductions for nephews and nieces,” Agersnap said.
“That looks like a shift to the right and a gift primarily to the people in society who have the most,” he said.
A company director could receive 11,000 kroner in tax reductions from next year, while an unemployed person would gain 1,300 kroner according to the SF spokesperson.
“Rising prices hit those with the lowest incomes the hardest. Yet the most support is being given at the top to those with the highest incomes. It’s unbalanced,” Agersnap said.
Social Democratic finance spokesperson Benny Engelbrecht countered by citing the decision to cut electricity taxes for consumers from the current rate of 72 øre per kilowatt hour (kWh) to 0.8 øre, the minimum rate permitted in the EU.
“This proposal has a positive effect on inequality when measured by the Gini coefficient,” says Benny Engelbrecht.
The Gini coefficient is a statistical measure used to track economic inequality in society.
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