The economy

The scales of 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. On this page you will find general information and documents relating to the economy.

You can explore this topic in more detail by using the menu on the right.

Budget for green restructuring

The 2015 budget lays the foundation for achieving the Government’s long-term goal of making Norway a low emission society.

National Budget

Increased commitment to climate and cultural heritage

The Norwegian Government gives priority to climate and cultural heritage issues in its proposed budget for 2015. The Climate and Forest Initiative will receive NOK 3 billion in the budget for the Ministry of Climate and Environment next year. The Ministry also presented a strategy for biogas and there is a new allocation of NOK 20 million for fire protection of stave churches and traditional wooden buildings.

Fiscal Budget 2015

A budget to promote an efficient use of resources

The 2015 Fiscal Budget is a further step towards a change of policy direction in Norway. The Government will promote growth in the Norwegian economy through targeted tax reductions, high priority on infrastructure and emphasis on other measures to stimulate productivity and competitiveness.

Government commissions to consider how to apply the fiscal rule and the need for multi-year budgeting

Government commissions to consider how to apply the fiscal rule and the need for multi-year budgeting

“The Government has decided to appoint two expert commissions to strengthen the fiscal policy framework and to contribute to a more efficient use of public funds,” says Minister of Finance Siv Jensen.

Biogas pilot plant to be built

Biogas reduces greenhouse gas emissions in Norway, while also helping to reduce emissions of local air pollution and noise pollution from heavy vehicles. The Government today presents a biogas strategy which represents concrete steps to follow up the 2012 Climate Agreement.

Increased Norwegian commitment to rainforests

The Government is to increase the Norwegian commitment to rainforest conservation. In next year's budget for the Ministry of Climate and Environment, the Climate and Forest Initiative will receive NOK 3 billion, and will therefore for the first time reach the level initially promised in the 2008 Climate Agreement.

National Budget

Twenty million to protect stave churches and clusters of wooden buildings

Fire is the biggest threat to our thousand-year-old practice of building in wood. Norway has 28 stave churches and 180 areas of closely knit wooden buildings that are particularly vulnerable to fire. In its budget proposal, the Government reinforces efforts to combat fires in clusters of wooden buildings and stave churches.

National Budget

Increased funding for change in areas vulnerable to predators

The Government proposes to introduce a special restructuring fund to make it easier and more predictable for livestock owners in predator-prone areas to get grants for transferring to alternative agricultural employment.

Development budget with clear priorities

The Government proposes an increase in the development budget to NOK 32.5 billion in 2015. This is an increase of more than NOK 1 billion compared to 2014. Education, humanitarian aid, health and vaccines, business development, climate measures and human rights are given priority. These are areas that are crucial for eradicating extreme poverty.

Proposing 3.4% Defence Budget Increase in 2015

The Norwegian Government proposes to increase the defence budget by 3.4% in 2015, amounting to a total of NOK 1.460 billion. The budget ensures a considerable investment in relevant and modern capabilities that will ensure ensure enhanced operational abilities for the Norwegian Armed Forces. The Government will also strengthen the ability of the Armed Forces to contribute to societal security, through measures such as a higher level of readiness for the Air Force’s helicopters at Rygge and Bardufoss.

More documents about this subject

Contact information

Ministry of Finance

Telephone: +47 22 24 90 90
Fax: +47 22 24 95 14

Address

Ministry of Finance
P.O. Box 8008 Dep
NO-0030 Oslo
Norway

Visiting Address:
Akersgata 40
Oslo

Contact information

Ministry of Finance

Telephone: +47 22 24 90 90
Fax: +47 22 24 95 14

Address

Ministry of Finance
P.O. Box 8008 Dep
NO-0030 Oslo
Norway

Visiting Address:
Akersgata 40
Oslo