More content from the ministry

Tax lessons for governments from Henry George

The 19th-century political economist understood that the whole of society should benefit from outsized profits.

By Minister of Finance Trygve Slagsvold Vedum Op-ed in Financial Times

State Secretary Kravik’s remarks at the G20 Anti-Corruption Ministerial Meeting

State Secretary Andreas Motzfeldt Kravik's remarks at the G20 Anti-Corruption Ministerial Meeting in Natal, Brazil 24 October 2024.

By State Secretary Andreas Motzfeldt Kravik

Henry George Lecture at St. Johns University: Norway’s Historical Experience with Taxing & Regulating the Exploitation of Its Natural Resources

Lecture held by Minister of Finance Trygve Slagsvold Vedum, at St. John University the 23 October 2024, New York, USA.

By Minister of Finance Trygve Slagsvold Vedum

State budget for 2025: Bolstering investment in women’s health

To date, the Norwegian government has bolstered investment in targeted women’s health initiatives to the tune of around NOK 150 million. In the proposed state budget for 2025, the government is suggesting a further NOK 13 million to follow up on the

State budget for 2025: Norwegian government making arrangements for 1,500 round-the-clock care places

In the state budget for 2025, the Norwegian government is proposing a commitment framework of NOK 3.25 billion for investment subsidies, corresponding to around 1,500 round-the-clock care places.

State budget for 2025: NOK 400 million for mental health and substance abuse

In the state budget for 2025, the Norwegian government is proposing to allocate NOK 400 million for following up on the escalation plan for mental health and the upcoming prevention and treatment reform for the field of substance abuse.

State budget for 2025: Norwegian government boosting hospital finances: waiting times to be slashed

In the state budget for 2025, the Norwegian government is proposing to increase operating allocations for hospitals by NOK 5.5 billion compared to the balanced budget for 2024. You would have to go back to 2008 to find the closest comparable

State budget for 2025: Historic investment in our shared health service

Health is one of the primary investment areas in the proposed national budget for 2025. Among other things, the Norwegian government is proposing to increase funding for hospitals by NOK 5.5 billion compared to the balanced budget for 2024. You

A responsible approach to floating offshore wind

The government’s offshore wind initiative continues on a steady course. The government will announce the next project areas for development of offshore wind on the Norwegian continental shelf in 2025 and is proposing 35 billion NOK for a support

Norwegian Government to expand and extend support for Ukraine’s fight for freedom

The Norwegian Government is proposing to increase the overall funding framework for the Nansen Support Programme for Ukraine to NOK 135 billion and to extend the Support Programme for an additional three years. The proposed allocation represents a

The government proposes to increase the allocation for resource and environmental mapping of seabed minerals

The government will facilitate responsible, sustainable and profitable seabed mineral activity on the Norwegian continental shelf. We need more knowledge about the mineral resources, the environmental conditions in the Norwegian deep-sea areas, and

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

The Longship project is near completion

The Norwegian government continues its investment in the Longship project and proposes an allocation of 2.1 billion NOK in the state budget for 2025. In 2025, a large part of the full-scale project for CCS in Norway will be completed.

Large revenues from the petroleum industry in 2024

The state's net cash flow from petroleum activities is estimated to be 680 billion NOK in 2024. These revenues go into the Norwegian Government Pension Fund Global and are expected to provide approximately 20 billion NOK into future budgets.

The National Budget 2025: A budget that provides security for the population and country, and develops the whole of Norway

Through the proposed National Budget for 2025, people will be financially better off, Norway’s preparedness against war and crime will be strengthened, and social and geographical differences will be reduced. Unemployment is still low, wages are

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.

Prop. 1 LS (2024–2025) - Taxes 2025 For the 2025 Budget Year

Chapter 1 and 2

Meld. St. 1 (2024–2025) - The National Budget 2025

Chapter 2.1 and 3.1

The National Budget 2025: Key Figures in the National Budget 2025

The Ministry of Finance publishes selected key figures at 8 am, prior to the publication of the budget, which includes more detailed projections, at 10 am.

Renegotiated Agreement on Value Added Tax Signed with the EU

On the 2nd of October, Norway's ambassador to the EU, Anders H. Eide, signed a renegotiated agreement with the EU on administrative cooperation in the field of VAT. The purpose is to combat international VAT fraud. The Director-General of the