Search

IMF: Favourable growth prospects, solid fundamentals and policy management

The International Monetary Fund (IMF) today presented its yearly assessment of the Norwegian economy and Norwegian economic policy. An IMF delegation has spent the last week meeting Norwegian authorities, academic and financial institutions and

Meld. St. 26 (2022–2023) - A changing climate – united for a climate-resilient society

Meld. St. 26 (2022–2023) Report to the Storting (white paper)

NOU 2023: 25 - The transition to low emissions

Climate policy choices towards 2050

Adherence of the Government Pension Fund Global (GPFG) to the Santiago principles

The Ministry of Finance has recently conducted an update of the self-assessments of the Government Pension Fund’s adherence to the Santiago Principles, cf. separate reviews of the GPFG and the GPFN, respectively. This self-assessment documents the

Revised National Budget: Additional child-related expertise at asylum reception centres

The Norwegian Government proposes allocating NOK 17.2 million in funding to increase child-related expertise at asylum reception centres.

Revised National Budget: Key figures in the Revised National Budget 2022

To secure equal access to information that might be market sensitive, the Ministry of Finance publishes selected key figures prior to launching the Revised National Budget at 10:45 a.m. More detailed estimates will be published with the Revised

Profits from natural resources will be better distributed

Energy producers and the aquaculture industry make billions of kroner on our common resources. The Government is now proposing that more of the value created should go back to society.

High-price contribution on wind and hydropower

The Government is proposing to introduce a high-price contribution, with the rate set at 23 per cent of the electricity price in excess of NOK 0.70 per kWh. The contribution is designed as an excise duty payable to the treasury. The tax will be

Resource rent tax on onshore wind energy

The government proposes the introduction of resource rent tax on onshore wind energy as from 2023. The proposal will be referred for public consultation before the end of the year, and involves the taxation of resource rent at an effective rate of

Adjustment of local and county authorities’ general grant

The Government proposes a one-year deduction in the general grant to local and county authorities with income from licence power. The proposal applies to local and county authorities in the areas with the highest electricity prices.

Consultation on a proposal for amendments to the Norwegian VAT Act regarding cross-border trade of services from businesses to consumers

The Norwegian Ministry of Finance hereby presents a proposal for amendments to the Norwegian VAT Act regarding cross-border sales of services from businesses to consumers (B2C). It is proposed that all purchases of remotely deliverable services from

The IMF's Article IV consultation for 2024 has been completed

On 28 June, the IMF's delegation to Norway presented its yearly assessment of the Norwegian economy and Norwegian economic policy to the government. The full report has now been concluded by the IMF Executive Board.

Consultation on resource rent tax on onshore wind power

The Government proposes to introduce a resource rent tax on onshore wind power from 2023 and is today sending the proposal for consultation, as described in the State Budget for 2023. It is one of several resource rent proposals which will lead to

The Government’s first meeting on the budget for 2024

The budget conference takes place against a backdrop of high activity in the Norwegian economy and record high employment numbers. However, Norway is also affected by global crises and unrest - war in Europe, the energy crisis and climate change.

National Budget 2024: Creating more training posts to solve the GP crisis

‘In order to solve the GP crisis, we need more doctors to be trained and specialise in general practice. With 66 new positions for specialised doctors next year, we are providing the highest ever number of posts,’ says Ingvild Kjerkol, Minister of

National Budget 2024: NOK 2.2 billion more for hospitals, waiting times to be reduced

The Norwegian government is proposing a NOK 2.2 billion increase in funding for hospitals above and beyond wage and price inflation. The draft budget will facilitate shorter waiting times, strengthened mental health care and collaborative measures

The Council has decided to renegotiate the agreement between Norway and the EU to hinder VAT fraud

The Council of the European Union decided Friday 17 June to re-open negotiations of the agreement on administrative VAT cooperation between Norway and the EU.

Prop. 1 LS (2022–2023) - Taxes 2023

Prop. 1 LS (2022–2023) Proposition to the Storting (Bill and Draft Resolution) For the 2023 Budget Year

Key Figures 2008: Overview and rates of direct and indirect taxes

Key figures for the Norwegian economy, main figures of the Fiscal Budget and rates of direct and indirect taxes.

Article IV consultation 2007

IMF Executive Board concluded its 2007 Article IV Consultation with Norway on 26 March 2007.