The economy
In the Government, it is the Minister of Finance’s responsibility to draw up and coordinate economic policy. The Ministry of Finance acts as the secretariat for the Minister of Finance. It is the political authorities – the Government and the Storting – that make the decisions.
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 from the petroleum industry shall in its entirety be transferred to the Government Pension Fund Global, and that resources in the Fund can only be transferred to the budget pursuant to a decision by Parliament.
General tax conventions between Norway and other states
General tax conventions for the avoidance of double taxation and the prevention of fiscal evasion,and other international agreements regarding tax matters.
Latest on the economy
What's new
- Revised national budget 2026: Stable production and high petroleum revenues from the Norwegian continental shelf Press release 12/05/2026
- The Revised National Budget: Preserving Norway’s strong foundation in a turbulent world Press release 12/05/2026
- The Revised National Budget: Key figures in the Revised National Budget 2026 Press release 12/05/2026
- Nordic Economic Policy Review 2026 Press release 29/04/2026
- Informal Meeting of Finance Ministers on Support to Ukraine Press release 16/04/2026
Documents
- Meld. St. 7 (2025-2026) Report 27/03/2026
- UN Working Group on the issue of human rights and transnational corporations and other business enterprises Letter 23/03/2026
- Meld. St. 1 (2025-2026) Report 22/10/2025
- Prop. 1 LS (2025–2026) Report 20/10/2025
- Meld. St. 1 (2025–2026) - The National Budget 2026 Report to the Storting 15/10/2025
Related topics
Contact
Ministry of Finance
E-mail: postmottak@fin.dep.no
Phone:
(+47) 22 24 90 90
Address:
Postboks 8008 Dep, 0030 Oslo
Visitor address:
Akersgata 40, 0180 Oslo
Economic Policy Department
E-mail: postmottak@fin.dep.no
Phone:
+47 22 24 90 90
Address:
Postboks 8008 Dep, 0030 Oslo
Visitor address:
Akersgata 59, 0030 Oslo