(Bloomberg) -- Denmark’s government said it will have a lower financing need next year as the Nordic country’s AAA economy is coming out of the inflation crisis better than feared.

Most Read from Bloomberg

• UBS Flags Cost Cuts After $29 Billion Credit Suisse Windfall

• Hong Kong to Shut Down City Before Super Typhoon Saola Hits

• US Health Officials Urge Moving Pot to Lower-Risk Category

• Europe's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon Footprint

• Cathay Expects to Suspend Hong Kong Flights as Typhoon Nears

The 2024 net financing need will be a negative 32 billion kroner ($4.7 billion), compared with a negative 14 billion kroner for this year, the finance ministry said in a statement late Wednesday. A negative number means the government has a surplus that doesn’t need to be covered by outside funding.

In gross terms, Denmark will have a financing need of 95 billion kroner in 2024, down from 107 billion kroner in 2023, the ministry said.

The government is due to present new economic forecasts and its 2024 budget proposal on Thursday in Copenhagen.

Most Read from Bloomberg Businessweek

• America Is the World Leader in Locking People Up. One City Found a Fix

• How a Tiny Mexican Border City Built a Budget Dental Empire

• The Hostile Takeover of Blue Cities by Red States

• Is Carlos Alcaraz the Next Billion-Dollar Tennis Player?

• Can You Name These Cities?

©2023 Bloomberg L.P.