The Ministry of Finance makes annual budget appropriations for these subordinate bodies in line with the decisions of the Storting. In practice, the said bodies have considerable freedom of action on technical issues, but the Ministry serves as an administrative appeals body for some decisions.
The Ministry of Finance also has certain affiliated bodies. The role of the Ministry of Finance vis-à-vis the affiliated bodies varies, but a joint characteristic is that the Ministry of Finance draws up guidelines for such bodies, based on the legislation enacted by the Storting.
Norges Bank executes monetary and foreign exchange policy pursuant to guidelines laid down by the King and the Government. The Ministry of Finance shall be consulted on matters of special importance. Besides, Norges Bank is responsible for the operational management of the Government Pension Fund Global, pursuant to rules laid down the Ministry of Finance.
The Norwegian Agency for Public and Financial Management (DFØ) is the expert body for financial management within the central government. The agency is also promotes good administrative management in central government bodies.
Web page: https://dfo.no/
The Financial Supervisory Authority of Norway (Finanstilsynet) supervises banks, insurers, finance companies, investment firms, markets for financial instruments, securities depositories, estate agents, e-money institutions, auditors and accountants, etc. Finanstilsynet's remit is to promote financial stability and well-functioning markets through its supervision of institutions and markets.
Web page: https://www.finanstilsynet.no/en/
The activities of the Norwegian Tax Administration lay the principal financial foundations for government operations. The Norwegian Tax Administration shall ensure that taxes and other claims are correctly assessed and paid, and that the National Registry is up to date, whilst also providing good service.
Web page: https://www.skatteetaten.no/en/person/
Statistics Norway prepares and publishes official statistics in Norway, in addition to conducting extensive research activities.
Web page: https://www.ssb.no/english/
Norwegian Customs shall prevent illegal imports and exports of goods and facilitate correct and efficient imports and exports of goods.
Web page: https://www.toll.no/en/
Norges Bank is the central bank of Norway. Norges Bank managers the Norwegian foreign exchange reserves, and carries out the operational management of the Government Pension Fund Global (GPFG) and the government debt, in accordance with mandates stipulated by the Ministry of Finance.
Web page: https://www.norges-bank.no/en/
Folketrygdfondet manages the Government Pension Fund Norway (GPFN) at the behest of the Ministry of Finance.
The inflow in the Government Pension Fund Global consists of all state petroleum revenues as well as the return on the fund’s investments. The operational management of the Pension Fund Global is carried out by Norges Bank, which invests the fund’s capital in bonds and equities outside of Norway in accordance with guidelines issued by the Ministry.
Web page: https://www.nbim.no/en/