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The National Budget: A green aid budget with a focus on solidarity

The Government has proposed an aid budget of over NOK 41 billion for 2022. In order to address the climate threat, the Government has proposed a significant increase in funding for efforts in the areas of renewable energy, food security and climate

Direct and Indirect Taxes - Main Features of the 2008 Proposal

The objectives of the Government’s tax policy are to safeguard revenue for communal purposes, contribute to fairness in distribution and an improved environment, promote employment throughout the country and enhance the workings of the economy.

Economy

The oil and gas sector plays a vital role in the Norwegian economy.

Previous national budgets

2024 The Revised National Budget 2024 The National Budget 2024 2023 The Revised National Budget 2023 The National Budget 2023 2022 The Revised National Budget 2022 Amendment to the 2022 Fiscal Budget Proposal (no English documents) The National

Prop. 1 LS (2024–2025) - Taxes 2025 For the 2025 Budget Year

Chapter 1 and 2

Meld. St. 1 (2024–2025) - The National Budget 2025

Chapter 2.1 and 3.1

Prop. 1 LS (2021–2022) - Taxes 2022

Prop. 1 LS (2021–2022) Proposition to the Storting (bill and draft resolution) For the Fiscal Year 2022

A Strong Defence Budget for Demanding Times

The Norwegian Government´s proposal for the 2024 defence budget increases national defence capability and strengthens military readiness at a time of war in Europe. It also follows up Norway’s commitments to NATO and demonstrates solidarity with

The National Budget 2025: The Norwegian government proposes a 19 billion (NOK) increase in defence spendings

The Norwegian government proposes to increase the defense budget for 2025 by NOK 19.2 billion, up to a total of NOK 110.1 billion. The proposal fulfills the first major promise of the Norwegian long-term defence plan and exceeds NATO's target of its

Revised National Budget: Sound economic governance

The Norwegian economy is unusually strong and employment is at a record low. At the same time, however, Omicron, high electricity prices and war in Europe have necessitated unforeseen financial allocations. In the Revised Budget, the government has

Revised state budget: Ombudsman for the Elderly to close

The government has announced in its revised state budget that it intends to dissolve Ombudsman for the Elderly (Eldreombodet) as of 1 July 2023. As a result, the budget also proposes a NOK 1 million reduction to the service’s grant for the current

Revised state budget: Government launches new public health campaign focusing on mental health

The government wants to boost mental public health. This is why ‘ABC For Good Mental Health - A Public Health Campaign’ is being launched. Its goal is to increase public knowledge about mental health, promote good mental health and prevent mental

Revised state budget: Health and Social Services Ombudsman to be bolstered

The government is bolstering the budget of the Health and Social Services Ombudsman in its revised state budget. This will enable it to continue serving patients and healthcare users throughout Norway.

A new normal for Norway

The Norwegian economy is booming. COVID-19 restrictions are lifted and we are heading out of the pandemic. Economic growth is strong, unemployment is low. A shortage of labor is leading to mounting pressure. At the same time, the war in Ukraine

The National Budget 2023: A budget for security and fair distribution

There is a war and an energy crisis in Europe. High inflation is affecting people’s lives. The Government’s response is a fair and responsible budget, which improves distribution and enhances security at a challenging time.

The National Budget 2023: More for hospitals and 24-hour treatment in the mental healthcare sector

The government is proposing to increase the operating budget for Norway’s hospitals by a total of NOK 2.7 billion. NOK 2 billion will go to increasing activity growth, while NOK 700 million will go to increasing basic funding. NOK 150 million of

Norway to increase support for humanitarian efforts and government administration in Ukraine

‘The brutal war continues and Ukrainians are facing a cold winter. The scale of humanitarian need is enormous. We have proposed that NOK 2 billion of Norway’s support for Ukraine in 2022 should be used for humanitarian efforts and to help the

Resource rent tax on aquaculture

The Government is proposing to introduce a resource rent tax on aquaculture from 1 January 2023. This proposal will be sent out for consultation today. Following the consultation, the Government will return to the Storting with a bill that will

Increased resource rent tax on hydropower

The Government is proposing to increase the effective resource rent tax rate on hydropower from 37 per cent to 45 per cent, with effect from the 2022 fiscal year.

The National Budget 2024: The Government will introduce a resource rent tax on onshore wind power from 2024

The Government is today presenting a modified bill for the introduction of a resource rent tax on onshore wind power from 2024. The proposal will ensure that a larger share of the value added in the wind power industry will accrue to society as a