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OECD on the Norwegian economy: High activity and challenges for fiscal policy

OECD today published their biannual survey of the Norwegian economy, with recommendations on how the government should face important challenges ahead. The report illustrates the high activity of the Norwegian economy heading out of the pandemic. At

Amendment to the 2022 Fiscal Budget Proposal: Key figures in the Amendment to the 2022 Fiscal Budget Proposal

To ensure simultaneous access to information that might be market sensitive, the Ministry of Finance publishes selected key figures prior to the budget launch at 12:00 am.

The Revised National Budget: Government proposes record-high aid budget of NOK 44.9 billion

‘The war in Ukraine is having impacts across the globe. The number of people who have been displaced is rising and more people than ever before do not have enough to eat. The Government is proposing an increase of NOK 3.6 billion in the aid budget,

The Government Pension Fund Global to exit Russia

The Ministry of Finance has today informed the Fund manager Norges Bank to immediately freeze all investments made by the Government Pension Fund Global (GPFG) in Russia. The Ministry has further requested Norges Bank to prepare a plan for the

The government proposes to increase the allocation for resource and environmental mapping of seabed minerals

The government will facilitate responsible, sustainable and profitable seabed mineral activity on the Norwegian continental shelf. We need more knowledge about the mineral resources, the environmental conditions in the Norwegian deep-sea areas, and

Norwegian Government to expand and extend support for Ukraine’s fight for freedom

The Norwegian Government is proposing to increase the overall funding framework for the Nansen Support Programme for Ukraine to NOK 135 billion and to extend the Support Programme for an additional three years. The proposed allocation represents a

Revised National Budget: NOK 250 million to bolster the Northern Norway Regional Health Authority

As part of its revised national budget, the Norwegian government is proposing an increase in its funding to the Northern Norway Regional Health Authority through a permanent grant of NOK 250 million. This proposal is in light of the challenging

Revised National Budget: Boosting access to diabetes medications and reducing national insurance user fees

The government’s revised national budget contains proposals for individual grants for the diabetes medication Rybelsus and the rationing of Ozempic in pharmacies.

Revised National Budget: Waiting times to be reduced – the government strengthens hospitals with NOK 2 billion

The government wants to reverse the trend and reduce hospital waiting times. This is why it is proposing total additional funding of NOK 2 billion for hospitals in its revised national budget.

Large revenues from the petroleum industry in 2024

The state's net cash flow from petroleum activities is estimated to be 680 billion NOK in 2024. These revenues go into the Norwegian Government Pension Fund Global and are expected to provide approximately 20 billion NOK into future budgets.

Prop. 2 LS (2023–2024) - Resource rent tax on onshore wind power

The National Budget 2024: Key Figures in the National Budget 2024

The Ministry of Finance publishes selected key figures at 8 am, prior to the publication of the budget at 9 am. More detailed projections will be published in the National Budget.

IMF: Expect higher growth in the Norwegian economy

Economic growth will strengthen gradually and real incomes will increase, improving most households’ purchasing power. This is one of the conclusions of the International Monetary Fund (IMF)’s yearly assessment of the Norwegian economy and Norwegian

Press conference: OECDs Economic Survey of Norway

On Thursday 20 June at 10:00 the OECD will present a new Economic Survey of Norway to Minister of Finance Trygve Slagsvold Vedum (Centre Party).

The Norwegian Government’s proposed resource rent tax on aquaculture

The Government will today present a bill proposing a resource rent tax on aquaculture. The intention of the proposal is to ensure that local communities along the coast and society as a whole receive a greater share of the value that is created by

IMF concluding statement 2006

Recommendation - Vedanta Resources Plc.

At a meeting on 2 October 2006 the Council on Ethics for the Government Pension Fund - Global decided to assess whether the investments in the company Vedanta Resources Plc. may imply a risk of the Fund contributing to unethical acts under the

Recommendation - New assessment of the company Rheinmetall AG

New information which has been brought to the attention of the Coucil has lead to the conclusion that the grounds for excluding Rheinmetall AG are no longer valid, and a new recommendation was issued with regard to this.

Recommendation on exclusion of the companies Rheinmetall AG and Hanwha Corp.

The companies were recommended for exclusion because of their involvement in production of cluster munitions.

Recommendation on the exclusion of the company Serco Group Plc.

The company is recommended for exclusion because of its involvement in the production of nuclear weapons.