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The National Budget 2025: Closing tax loopholes by amending the exit tax rules

In practice, the current exit tax rules function as a tax loophole. The Government wants to close this loophole and proposes, in the National Budget for 2025, to amend the exit tax rules to make them more effective and fairer.

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

NOU 2020: 7 - Values and Responsibility

The Ethical Framework for the Norwegian Government Pension Fund Global

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

OECD on the Norwegian economy: High activity and lower inflation

OECD today published their biannual survey of the Norwegian economy, with recommendations on how the government should face important challenges ahead. The survey points to increasing activity in the Norwegian economy. It also emphasises the

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.

Long-term Perspectives on the Norwegian Economy 2024: Future Norway Needs New Solutions and More People Working

The government has today presented the report on Long-term Perspectives on the Norwegian Economy 2024, which discusses the main challenges for the Norwegian economy towards 2060. In this report, the government has set a goal to increase the share of

Meld. St. 31 (2023–2024) - Long-term Perspectives on the Norwegian Economy 2024

Chapter 1

Revised strategy for combating work-related crime

Work-related crime is a growing challenge involving serious consequences both for workers and undertakings and for society as a whole. The government presented its revised strategy for combating work-related crime February 13th 2017.

IMF concluding statement 2006

Adherence of the Government Pension Fund Norway (GPFN) 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

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

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

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

Meld. St. 9 (2021–2022) - The Government Pension Fund 2022

Chapter 1

The EU Commission recommends negotiations of an agreement between Norway and the EU to hinder VAT fraud

The Commission adopted 26 April 2022 a recommendation to the Council to re-open negotiations of the agreement between Norway and the EU concerning administrative cooperation in the field of VAT. The purpose of the agreement is to combat

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,

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: 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: 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.