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The Petroleum Taxation Act

Act of 13 June 1975 No. 35 relating to the Taxation of Subsea Petroleum Deposits, etc. (the Petroleum Taxation Act). Last amended by Act of 21 June 2013 No. 66.

The Central Government's Outstanding Debt

The Central Government's Outstanding Debt contains tables describing the debt issued by the State of Norway.

IMF and Norway

The International Monetary Fund (IMF) is an organization of 190 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce

Fund Performance

GPFG annual geometric average return. Measured in the currency basket. Per cent 2023 Last 5 years Last 10 years Last 20 years GPFG Portfolio 13,09 7,44 7,25 6,71 Benchmark index 13,53 7,15 6,99 6,52 Excess return (percentage points)1 -0,45 0,29 0,26

Investment Strategy

The objective of Fund investments is to achieve the highest possible return over time, given an acceptable level of risk. The Fund shall be managed responsibly within this overarching financial objective.

Reports from the Nordic-Baltic Office at the IMF

The Nordic Baltic Office prepares regular reports on recent policy developments in IMF.

Spring and Annual Meeting at IMF and IMFC

The Nordic Baltic Constituency (NBC) consists of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The constituency submits a statement to the International Monetary and Financial Committee, IMFC.

Norges Bank's work on responsible investing

The aim of Norges Bank's responsible investing activities is to promote long-term value creation and to contribute to good corporate governance and responsible business conduct. In its management of the GPFG, Norges Bank shall emphasise the fund's

Meld. St. 4 (2015–2016) - Better Taxation – A Tax Reform for Transformation and Growth

An unofficial English translation of the summary chapter, Chapter 1, of the Report to the Storting No. 4 (2015–2016)

NOU 2015: 15 - Environmental Pricing (Summary)

Report from a Green Tax Commission

Chapter 1 Executive summary (50,4 kB) Chapter 2 The Commission (63,8 kB) Chapter 3 Summary (225,1 kB) Chapter 12 The recommendations of the Commission (100,6 kB)

Recommendation on Exclusion from the Government Petroleum Fund’s Investment Universe of the Company Kerr-McGee Corporation

Key Figures 2011: Overview and rates of direct and indirect taxes

Key figures for the Norwegian economy, main figures of the Fiscal Budget and rates of direct and indirect taxes.

Recommendation - New assessment of the company Rheinmetall AG

New information which has been brought to the attention of the Coucil has lead to the conclusion that the grounds for excluding Rheinmetall AG are no longer valid, and a new recommendation was issued with regard to this.

Recommendation on exclusion of the companies Rheinmetall AG and Hanwha Corp.

The companies were recommended for exclusion because of their involvement in production of cluster munitions.

Report No. 16 to the Storting (2007-2008) - On the Management of the Government Pension Fund in 2007

A new normal for Norway

The Norwegian economy is booming. COVID-19 restrictions are lifted and we are heading out of the pandemic. Economic growth is strong, unemployment is low. A shortage of labor is leading to mounting pressure. At the same time, the war in Ukraine

Council on Ethics’ assessment on investments in Israel Electric Corporation

We hereby refer to the letter from the Ministry of Finance, dated March 3, 2008, requesting an assessment of whether investments made by the Government Pension Fund - Global in Israel Electric Corporation (“IEC”) may constitute a breach of the fund’

A Strong Defence Budget for Demanding Times

The Norwegian Government´s proposal for the 2024 defence budget increases national defence capability and strengthens military readiness at a time of war in Europe. It also follows up Norway’s commitments to NATO and demonstrates solidarity with

The Government Pension Fund Global to exit Russia

The Ministry of Finance has today informed the Fund manager Norges Bank to immediately freeze all investments made by the Government Pension Fund Global (GPFG) in Russia. The Ministry has further requested Norges Bank to prepare a plan for the

Recommendation of DRD Gold Limited

The Council has reached the conclusion that the Ethical Guidelines, point 4.4, second clause, third bullet point, provide a basis for recommending the exclusion of DRD Gold Limited owing to an unacceptable risk of contributing to severe