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The Central Government's Outstanding Debt

The Central Government's Outstanding Debt contains tables describing the debt issued by the State of Norway.

IMF and Norway

The International Monetary Fund (IMF) is an organization of 190 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce

Protocol Norway - Switzerland

Protocol between the Kingdom of Norway and the Swiss Confederation amending the Convention for the avoidance of double taxation with respect to taxes on income and on capital and the protocol, signed at Bern on 7 September 1987, as amended by the

Governance model

The Ministry of Finance holds the overall responsibility for the management of the Government Pension Fund. The Government Pension Fund comprises the Government Pension Fund Global (GPFG) and the Government Pension Fund Norway (GPFN). The

Protocol Norway - Luxembourg

Protocole modifiant la Convention entre le Royaume de Norvège et le Grand-Duché de Luxembourg tendant à éviter les doubles impositions et à prévenir l'évasion fiscale en matière d'impôts sur le revenu et sur la fortune, le Protocole final et le

Agreement Norway - Malawi

Agreement Norway - Saint Christopher (Saint Kitts) and Nevis

Meld. St. 13 (2017–2018) - The Government Pension Fund 2018

Meld. St. 13 (2017–2018) Report to the Storting (white paper)

Agreement Norway - Bermuda

Agreement between the Kingdom of Norway and Bermuda as authorised by the Government of the United Kingdom of Great Britain and Northern Ireland on the exchange of information with respect to taxes.

Meld. St. 4 (2015–2016) - Better Taxation – A Tax Reform for Transformation and Growth

An unofficial English translation of the summary chapter, Chapter 1, of the Report to the Storting No. 4 (2015–2016)

Strategic Benchmark Index

The strategy is defined in the Fund mandate and reflected in, inter alia, the composition of the benchmark index and risk limits established by the Ministry of Finance.

Governance Framework

The Storting has in the Government Pension Fund Act, made the Ministry of Finance responsible for the management of the Government Pension Fund Norway (GPFN). The operational management of the Fund is carried out by Folketrygdfondet.

Norges Bank's work on responsible investing

The aim of Norges Bank's responsible investing activities is to promote long-term value creation and to contribute to good corporate governance and responsible business conduct. In its management of the GPFG, Norges Bank shall emphasise the fund's

Annual Report to the Storting

Transparency is a prerequisite for ensuring widespread confidence in the management of the Government Pension Fund. The Ministry gives an account of the management of the Fund in an annual report to the Storting, as well as in the National Budget.

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

The Norwegian Fiscal Policy Framework

The Government Pension Fund Global and the fiscal rule have since 2001 set out the plan for the phasing-in of petroleum income and investment returns to the Norwegian economy. The Government Pension Fund Act stipulates that the State’s net cash flow

OECD’s assessment of the Norwegian Economy

Every eighteen months the OECD presents a survey of the Norwegian economy. This survey is based on the Secretariat’s study prepared for the annual review of Norway by the Economic and Development Review Committee.

Management Provisions

The framework for the Government Pension Fund and the management of fund assets are laid down by Act of Parliament and guidelines with supplementary provisions.

Market Value

Government Pension Fund market value from 1996 to 2024Q2. NOK billion The accumulation of capital in the GPFG originates by and large from the conversion of oil and gas resources in the North Sea and Norwegian Sea to financial assets abroad.