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    Danish Finance Act: Millions for Business Support and Job Aid

    By Greenland ReviewOctober 24, 2025074 Mins Read
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    Danish Finance Act: Millions for Business Support and Job Aid
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    Highlighting New Initiatives for Greenland in the Danish Finance Act

    With the recent enactment of the Danish Finance Act, a notable signal has been sent regarding support for vulnerable families in Greenland. The Act, which began its enforcement on Thursday, introduces vital funds for various initiatives, focusing on business development, legal certainty, and psychological assistance for parents whose children have been forcibly removed.

    This legislative package represents the most substantial financial commitment to Greenland in history. Last month, Prime Minister Mette Frederiksen and Jens-Frederik Nielsen, the chairman of the nail polish industry group, established a framework agreement allocating a remarkable DKK 1.6 billion specifically for investments in Greenland.

    In addition to this significant sum, Greenlandic and Faroese parliamentary representatives have successfully negotiated an additional DKK 120 million designated for a North Atlantic pool.

    “We are placing a strong emphasis on business development, sports, and culture, with a particular focus on children and young people,” said Aaja Chemnitz of the Inuit Ataqatigiit party. Supported by 13 initiatives, the party aims to foster sports and business growth in key Greenlandic towns such as Nuuk, Sisimiut, and Tasiilaq.

    Addressing recent divisions and external pressures, particularly the impact of U.S. foreign policy under Donald Trump, Chemnitz emphasized the imperative of unity within the community. “The recent elections highlighted significant dissatisfaction and division in Greenlandic society, and we must address these challenges head-on,” she noted.

    Financial Highlights for Greenlandic Initiatives

    The Finance Act, covering the period from 2026 to 2029, outlines several critical allocations:

    • DKK 120 million for initiatives in the North Atlantic pool, which will be discussed among North Atlantic politicians.
    • DKK 19.6 million earmarked for justice-related initiatives.
    • DKK 7 million to support business projects across Greenland, the Faroe Islands, and Iceland via the Vestnordenfonden.
    • DKK 4.9 million dedicated to exploring the potential for a psychology education at Ilisimatusarfik.
    • DKK 4 million to provide assistance for Greenlandic parents involved in placement cases in Denmark.
    • DKK 4 million aimed at the establishment and operation of an airdome in Kommuneqarfik Sermersooq, enhancing local sports facilities.

    Chemnitz adds that additional funds are on the horizon. In collaboration with Faroese politician Anna Falkenberg, she has secured DKK 20.5 million for Sjómaq, a project designed to strengthen ties between children and youth across the Commonwealth.

    Addressing Justice and Parental Support

    The political party Naleraq has made strides in advancing legal certainty this year, securing DKK 19.6 million to bolster justice initiatives. This funding, aimed at enhancing the support available to Greenlandic citizens, will be implemented in partnership with the Minister of Justice.

    According to Elvira Kûitse of Naleraq, “These investments are not mere improvements—they are essential for empowering our society and enhancing our future capabilities.” This sentiment rings especially true as funds have also been allocated for psychological help for parents navigating placement cases in Denmark.

    The ongoing high rates of child placements from Greenland to Denmark have sparked widespread public protest, underscoring the urgency of providing support to affected families.

    Progress on Civil Service Pensions

    A long-standing issue, the equalization of civil service pensions between Greenland and Denmark, continues to dominate discussions. Upcoming legislation set for consideration on 28 November aims to adjust these pensions to ensure parity.

    Aaja Chemnitz has expressed cautious optimism about the bill, stating, “I’m hopeful but reserved until we have fully navigated this legislation.” This new bill proposes to increase pensions for currently employed civil servants in Greenland; however, Chemnitz insists that retired civil servants must also benefit from this adjustment.

    “This is a cause I’ve championed for years, and it is vital that we reach a solution within the next year,” she asserted.

    This year, the Finance Act was passed earlier than usual, offering Greenlandic lawmakers the opportunity to focus on future discussions regarding social, research, and cultural initiatives. As funding and support initiatives unfold, the groundwork is being laid for a strengthened, more unified Greenlandic society.

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