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Exchange of Information and other Agreements Regarding Muteral Administrative Assistance

The list below contains an overview of Agreements on Exchange of Information in Tax Matters Norway has entered into. In addition to the agreements listed below, all of the Double Tax Treaties Norway has entered into with other countries contain

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.

Strategic Benchmark Index

The mandate issued by the Ministry of Finance to Norges Bank expresses the long-term investment strategy for the Fund, including the strategic benchmark index and appurtenant provisions on the execution of the management assignment.

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.

Investment Strategy

The objective of Fund investments is to achieve the highest possible return over time, given an acceptable level of risk. The Fund shall be managed responsibly within this overarching financial objective.

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

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.

Annual white paper on the Government Pension Fund

Today, the Ministry of Finance submits the white paper The Government Pension Fund 2023 to the Storting. Topics in this year’s paper include how international economic and political developments may affect the Government Pension Fund Global, and a

Meld. St. 17 (2022–2023) - The Government Pension Fund 2023

Prop. 78 LS (2022–2023) - Resource rent tax on aquaculture

The Norwegian Government’s proposed resource rent tax on aquaculture

The Government will today present a bill proposing a resource rent tax on aquaculture. The intention of the proposal is to ensure that local communities along the coast and society as a whole receive a greater share of the value that is created by

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.

Government Pension Fund and the Santiago principles

The International Forum of Sovereign Wealth Funds (IFSWF) was established in 2009 with the purpose of promoting the Santiago Principles. Norway is not a member of the IFSWF, but fully supports these principles.

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

Action plan to combat social dumping and work-related crime

The Action plan to combat social dumping and work-related crime was submitted by the Government 1 October 2022.

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

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

The National Budget 2023: Historic investment in the Regular General Practitioner Scheme

The government is proposing a NOK 690 million boost to the Regular General Practitioner Scheme in 2023, resulting in a total annual budget of NOK 920 million. In what is an otherwise tight budget, the government has still been able to accommodate an

The National Budget 2023: Boost for the mental health and substance abuse fields

The government is prioritising health and addiction services, and is to commit NOK 300 million to strengthening the area.

Strengthens the Armed Forces and prioritizes daily preparedness and operations

The government's proposal for the defence budget for 2023 prioritizes the nation's security and preparedness, and shows solidarity in a troubled time. - The budget helps to keep our own population safe, both for today's threats and those that may