More content from the ministry

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

Revised National Budget: A responsible budget that provides security for people throughout Norway

In the revised budget, the government will prioritise crucial public services such as healthcare, the police and refugees. Providers of public services and benefit recipients will receive compensation for wage growth and inflation. The government

Revised National Budget: Postponed implementation of resource rent tax on onshore wind power

The Government wants a larger share of the value which is created from the country’s common natural resources to benefit local communities, municipalities and society as a whole. The Government notified its intention to propose a resource rent tax

Revised National Budget: Key figures in the Revised National Budget 2023

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 forecasts will be published in the Revised Budget.

Norwegian Government plans to meet NATO’s 2 % goal by 2026

Strengthening defence and civil preparedness is one of the Government’s main priorities in the years to come.

ESRB recommends reciprocation of Norwegian capital requirements for banks

The European Systemic Risk Board (ESRB) has issued a recommendation to other EEA states to reciprocate Norwegian capital requirements for banks. The recommendation concerns the systemic risk buffer requirement and temporary risk weight floors for

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

Annual Report 2022

Council on Ethics

The role of the Council on Ethics for the Government Pension Fund Global (GPFG) is to evaluate whether or not the Fund’s investment in specified companies is inconsistent with its Ethical Guidelines.

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.

The Contract Continuity Regulation is extended until 1 October 2023

The Ministry of Finance has asked Finanstilsynet (the Norwegian Financial Supervisor) to assess the possible necessity of an additional national framework governing the provision of investment services from companies outside the EEA to professional

Norway strengthens the Armed Forces through purchase of new tanks

The Norwegian Government has decided to acquire 54 main battle tanks (MBT) of the Leopard 2 type from German Krauss-Maffei Wegmann, with an option to purchase an additional 18 units. The first MBTs are expected to be delivered in 2026. This

Identification of systemically important institutions

The Ministry of Finance has today decided that DNB ASA, Kommunalbanken AS and Nordea Eiendomskreditt AS shall continue to be identified as systemically important institutions in Norway, as recommended by the Norwegian FSA.

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

Banks’ capital requirements unchanged

Today, the Ministry of Finance has decided to maintain the systemic risk buffer at 4.5 percent. For banks not using the Advanced IRB Approach, the phasing-in period is prolonged by one year. Thus, the systemic risk buffer of 4.5 percent shall apply

Amendments to the lending regulation

Today, the Ministry of Finance has adopted amendments to the Norwegian bank lending regulation. The amendments will take effect on 1 January 2023.

Norway signs agreement to assist Ukraine with gas procurement

Norwegian Minister of Finance Trygve Slagsvold Vedum has today signed an agreement to provide funding of NOK 2 billion to enable Ukraine to purchase natural gas during the coming winter.

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.