This Greenland Self-Government Regulation establishes the Economic Council of Greenland under the authority of Section 46 of the 2016 Budget and Accounting Act. The regulation defines the Council’s structure, independence, and responsibilities. It consists of a chairmanship of five or six members and up to fourteen additional members appointed for three-year terms, representing the government, municipalities, academic institutions, labor unions, business associations, and the banking and fishing sectors, with attention to gender equality. The Council operates independently of the Government of Greenland and is mandated to publish at least one annual report assessing economic conditions, productivity developments, and fiscal sustainability. Members cannot simultaneously serve in the Parliament or Government. The regulation also specifies remuneration for the chair (100,000 DKK annually) and other members, outlines how expenses are covered, and assigns the Department of Finance as the Council’s secretariat.
Greenland (Denmark) · 2024-01-22