News and press releases

Latest news from the Ministries and the Office of the Prime Minister can be found here.

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  • The 8 Nordic-Baltic countries publish report on large financial crisis simulation exercise

    01/04/2025 News story Ministry of Finance

    Over a period of five days in the autumn of 2024, the Nordic-Baltic Stability Group (NBSG ) conducted a financial crisis simulation exercise across its 8 member countries. The goal of the exercise was to test collaboration and coordination across

  • Norway to increase its support to Ukraine by NOK 50 billion

    06/03/2025 Press release Office of the Prime Minister, Ministry of Finance

    Norway is now significantly increasing its support to Ukraine. The parties in the Storting have agreed to increase allocations to Ukraine for 2025 by an additional NOK 50 billion.

  • Norway to increase support to Ukraine by NOK 50 billion

    04/04/2025 Press release Office of the Prime Minister, Ministry of Defence, Ministry of Finance, Ministry of Foreign Affairs

    The Government has proposed a substantial increase in Norway’s military support to Ukraine in 2025, in line with the broad-based political agreement reached in the Storting.

  • Norway strengthens the Armed Forces through purchase of new tanks

    03/02/2023 Press release Office of the Prime Minister, Ministry of Defence, Ministry of Finance

    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

  • Banks’ capital requirements unchanged

    16/12/2022 News story Ministry of Finance

    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

  • Consultation on resource rent tax on onshore wind power

    16/12/2022 Press release Ministry of Finance, Ministry of Energy

    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

  • ESRB recommends reciprocation of Norwegian capital requirements for banks

    14/04/2023 News story Ministry of Finance

    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

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

    11/05/2023 Press release Ministry of Finance

    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

  • IMF: Favourable growth prospects, solid fundamentals and policy management

    08/06/2023 Press release Ministry of Finance

    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: Key figures in the Revised National Budget 2023

    11/05/2023 Press release Ministry of Finance

    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

    02/05/2023 Press release Office of the Prime Minister, Ministry of Defence, Ministry of Finance

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

  • The Government’s first meeting on the budget for 2024

    05/03/2023 Press release Ministry of Finance

    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 IMF's Article IV consultation for 2023 has been completed

    26/07/2023 News story Ministry of Finance

    On 8 June, the IMF's delegation to Norway presented its yearly assessment of the Norwegian economy and Norwegian economic policy to the government.  The full report has now been concluded by the IMF Executive Board.

  • The Finance Minister promotes Norwegian resource rent taxation in Financial Times

    16/01/2025 News story Ministry of Finance

    In the article «Tax lessons for governments from Henry George» in Financial Times, Finance Minister Trygve Slagsvold Vedum discusses how Henry George's ideas on taxation of land and resources may be relevant for the global tax debate.

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

    07/10/2024 Press release Ministry of Finance

    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

    02/10/2024 News story Ministry of Finance

    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

  • Strengthening climate risk efforts in the Government Pension Fund Global

    01/04/2022 Press release Ministry of Finance

    The Government will strengthen the efforts on climate risk in the Government Pension Fund Global (GPFG). The changes proposed in the white paper The Government Pension Fund 2022 are largely in line with the recommendations in the expert report

  • Responsible long-term management of the Government Pension Fund

    01/04/2022 Press release Ministry of Finance

    The Ministry of Finance is today publishing the white paper The Government Pension Fund 2022. Key topics in this paper are climate risk and the review of active management of the Government Pension Fund Global (GPFG).

  • Norway will implement new rules for taxation of large multinational enterprises

    24/11/2023 Press release Ministry of Finance

    Today the Government put forward a Bill to the Norwegian parliament to implement internationally agreed rules on global minimum tax. This will deter profit shifting and ensure large business groups pay at least 15 per cent tax on their profits. The

  • Norway to continue as guest country in G20

    03/12/2024 Press release Office of the Prime Minister, Ministry of Finance, Ministry of Foreign Affairs

    On Tuesday, 3 December, South Africa announced that Norway will continue to participate as a G20 guest country under the South African G20 Presidency. Norway had status as a guest country in 2024 under the Brazilian presidency.

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