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The EU Commission recommends negotiations of an agreement between Norway and the EU to hinder VAT fraud

The Commission adopted 26 April 2022 a recommendation to the Council to re-open negotiations of the agreement between Norway and the EU concerning administrative cooperation in the field of VAT. The purpose of the agreement is to combat

Consultation on a proposal for amendments to the Norwegian VAT Act regarding cross-border trade of services from businesses to consumers

The Norwegian Ministry of Finance hereby presents a proposal for amendments to the Norwegian VAT Act regarding cross-border sales of services from businesses to consumers (B2C). It is proposed that all purchases of remotely deliverable services from

Strengthening climate risk efforts in the Government Pension Fund Global

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

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).

Meld. St. 9 (2021–2022) - The Government Pension Fund 2022

Chapter 1

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

Carbon Border Adjustment Mechanism – Norwegian Positions

Norway and the EU have a strong relationship, sharing common fundamental values and a common regulatory framework through the European Economic Area (EEA). We are partners and cooperate to fulfil common climate targets.

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

Norway to increase support to Ukraine and provide military equipment

The Norwegian Government has allocated up to NOK 2 billion for humanitarian assistance to Ukraine, and will provide military equipment such as helmets and bulletproof vests to the war-torn country. The Government will also align itself with the

OECD on the Norwegian economy: High activity and challenges for fiscal policy

OECD today published their biannual survey of the Norwegian economy, with recommendations on how the government should face important challenges ahead. The report illustrates the high activity of the Norwegian economy heading out of the pandemic. At

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

Ethical guidelines

The Government Pension Fund Global (GPFG) has been subject to guidelines for observation and exclusion since 2004. The guidelines have since been further developed, most recently in 2021 on the basis of recommendations in NOU 2020: 7 Values and

Expert group report on Norges Bank’s active management of the GPFG

On 3 January 2022, the expert group reviewing Norges Bank’s active management of the Government Pension Fund Global (GPFG) submitted its report to the Ministry of Finance.

Change in the mandate for the committee on long-term perspectives for the Government Pension Fund Global

The Government has decided to change the mandate for the committee appointed to review which developments internationally and in the financial markets may affect risk and return in the Government Pension Fund Global (GPFG) and assess what

The National Budget: A green aid budget with a focus on solidarity

The Government has proposed an aid budget of over NOK 41 billion for 2022. In order to address the climate threat, the Government has proposed a significant increase in funding for efforts in the areas of renewable energy, food security and climate

Amendment to the 2022 Fiscal Budget Proposal: A new and fairer course for the whole of Norway

Opportunities throughout the country, higher employment, labour market security, a fairer distribution of income and wealth and fairer climate policies are key priorities in the new government's proposed changes to the 2022 budget.

Amendment to the 2022 Fiscal Budget Proposal: Key figures in the Amendment to the 2022 Fiscal Budget Proposal

To ensure simultaneous access to information that might be market sensitive, the Ministry of Finance publishes selected key figures prior to the budget launch at 12:00 am.

Prop. 1 LS (2021–2022) - Taxes 2022

Prop. 1 LS (2021–2022) Proposition to the Storting (bill and draft resolution) For the Fiscal Year 2022

Climate risk and the Government Pension Fund Global

Managing risks associated with climate change and the green transition

Report from an expert group appointed by the Ministry of Finance. 15 August 2021. English translation of the original report’s executive summary and chapter 7 with recommendations.

Carbon Border Adjustment Mechanism – Preliminary Norwegian Positions

High ambitions, collective effort and urgent action are needed to speed up the transition to a sustainable, resilient, climate neutral and environmentally friendly future.