The government will submit to parliament a recommendation to increase the equity share in the fund to 70 per cent. The government will also propose a downwards revision of the expected real rate of return of the fund from 4 per cent to 3 per cent.
Erna Solberg (Conservative Party)
The Prime Minister is the most senior member of the Government, responsible for coordinating and leading the work of the Government.
Siv Jensen (Progress Party)
Minister of Finance
The Minister of Finance has a main responsibility for national economic policy and co-ordinates the preparation of the national budget.
Jan Tore Sanner (Conservative Party)
Minister of Local Government and Modernisation is responsible for housing policy, the Planning and Building Act, local government finances and local administration, ICT Policy and Public Sector Reform, rural and regional policy, the conduct of elections, government employer policy, Sami and minority affairs and national mapping and geodata policy.
Ketil Solvik-Olsen (Progress Party)
Minister of Transport and Communications
Minister of Transport and Communications Ketil Solvik-Olsen is responsible for policies relating to the transport of people and goods, telecommunication ands postal services.
Børge Brende (Conservative Party)
Minister of Foreign Affairs
The Minister of Foreign Affairs is responsible for Norwegian foreign policy, the promotion of Norway’s interests internationally and the foreign service, which includes more than 100 embassies, permanent missions and delegations, and consulates general.
Monica Mæland (Conservative Party)
Minister of Trade and Industry
The Ministry of Trade and Industry is responsible for designating industrial policy with an eye to the future. This includes involvement in any policy area that affects value creation.
Vidar Helgesen (Conservative Party)
Minister of Climate and Environment
Solveig Horne (Progress Party)
Minister of Children and Equality
The minister of Children, Equality and Social Inclusion is responsible the rights of consumers, families, children and young people, anti discrimination and full equality between men and women.
Bent Høie (Conservative Party)
Minister of Health and Care Services
The Minister of Health and Care Services is responsible for government policy related to hospitals, municipal health care services, preventive measures, psychiatric health and drug addiction.
Ine Eriksen Søreide (Conservative Party)
Minister of Defence
The Minister of Defence is responsible for the formation and implementation of Norwegian security and defence policy.
Sylvi Listhaug (Progress Party)
Minister of Immigration and Integration
The Minister of Immigration and Integration is responsible for the Government's asylum, immigration and integration policy.
Torbjørn Røe Isaksen (Conservative Party)
Minister of Education and Research
As Minister of Education and Research, Torbjørn Røe Isaksen (Conservative Party) is responsible for implementing the government’s policies on the primary, secondary, tertiary vocational and higher education sectors, as well as on kindergartens and cultural schools. He is also responsible for government policy on research.
Per Sandberg (Progress Party)
Minister of Fisheries
Anniken Hauglie (Conservative Party)
Minister of Labour and Social Affairs
The Minister of Labour and Social Affairs has the main responsibility for labour market policy, working environment and safety policy, pensions policy, and welfare and social policy.
The Minister of Culture
The Minister of Culture is responsible for cultural policy, religious and belief-related matters, media policy, sports policy, gaming and lottery regulation, and the coordination of government policy relating to the voluntary sector.
Jon Georg Dale (Progress Party)
Minister of Agriculture and Food
The Minister of Agriculture and Food is responsible for implementing the Government's policy concerning agriculture and food.
Frank Bakke-Jensen (Conservative Party)
Minister of EEA and EU Affairs
Terje Søviknes (Progress Party)
Minister of Petroleum and Energy
The Minister of Petroleum and Energy’s responsibility is to ensure high value creation through efficient and environment-friendly management of Norway’s energy resources.
Per-Willy Trudvang Amundsen (Progress Party)
Minister of Justice and Public Security