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.

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A sound and responsible management of the Government Pension Fund

"The Government is today presenting a report to Parliament (Storting) on the management of the Government Pension Fund in 2013. - The Fund has served us well and it gives important contributions to the financing of our welfare state", says Minister of Finance Siv Jensen.

The Norwegian Government Pension Fund Global - a financial investor, not a political policy tool

Over the last few months Norway has witnessed a political debate about whether the Government Pension Fund Global (GPFG) should divest from all coal or petroleum companies. Today we announce that we have asked an Expert Group to look at how we should address the issue of climate gas emissions from coal and petroleum companies. The Expert Group's conclusions will be presented in Autumn 2014. However, independently of its recommendations, the GPFG will continue to be a well-diversified, global financial investor and not a policy tool, says Minister of Finance Siv Jensen.

Expert group on investments in coal and petroleum companies

The Ministry of Finance has appointed an expert group to assess the Government Pension Fund Global's (GPFG) appropriate use of policy instruments and investments in coal and petroleum companies.

Mandate for the Expert Group on investments in coal and petroleum companies and climate gas emissions

The Expert Group shall evaluate whether the exclusion of coal and petroleum companies is a more effective strategy for addressing climate issues and promoting future change than the exercise of ownership and exertion of influence. The Group shall also advise on possible criteria for the potential exclusion of these types of companies.

Members - Expert group on investments in coal and petroleum companies

The group will be chaired by economist Martin Skancke, who will be joined by Professor Elroy Dimson, Professor Michael Hoel, Professor Laura Starks, Dr. Juris. Gro Nystuen and Research Director Magdalena Kettis.

Countercyclical buffer unchanged

The Ministry of Finance has today decided to keep the level of the countercyclical capital buffer for banks unchanged. This is in line with the advice from Norges Bank. The Financial Supervisory Authority has stated that it concurs with the advice.

Convention Norway - Cyprus

OECD launches their latest country survey on Norway

Secretary General to the OECD Angel Gurría visits Norway today to launch their biannual survey on the Norwegian economy. Measures to lift productivity in the Norwegian economy are among the topics analysed in the survey. OECD also discusses the need to limit the risk of financial imbalances.

Webcast: OECD Economic Survey of Norway 2014

The OECD’s latest Economic Survey of Norway was published on Wednesday 5 March 2014.

Companies Excluded from the Investment Universe

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