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The National Budget 2025: The Norwegian government proposes a 19 billion (NOK) increase in defence spendings

The Norwegian government proposes to increase the defense budget for 2025 by NOK 19.2 billion, up to a total of NOK 110.1 billion. The proposal fulfills the first major promise of the Norwegian long-term defence plan and exceeds NATO's target of its

The Longship project is near completion

The Norwegian government continues its investment in the Longship project and proposes an allocation of 2.1 billion NOK in the state budget for 2025. In 2025, a large part of the full-scale project for CCS in Norway will be completed.

Large revenues from the petroleum industry in 2024

The state's net cash flow from petroleum activities is estimated to be 680 billion NOK in 2024. These revenues go into the Norwegian Government Pension Fund Global and are expected to provide approximately 20 billion NOK into future budgets.

The National Budget 2025: Closing tax loopholes by amending the exit tax rules

In practice, the current exit tax rules function as a tax loophole. The Government wants to close this loophole and proposes, in the National Budget for 2025, to amend the exit tax rules to make them more effective and fairer.

The National Budget 2025: A budget that provides security for the population and country, and develops the whole of Norway

Through the proposed National Budget for 2025, people will be financially better off, Norway’s preparedness against war and crime will be strengthened, and social and geographical differences will be reduced. Unemployment is still low, wages are

Prop. 1 LS (2024–2025) - Taxes 2025 For the 2025 Budget Year

Chapter 1 and 2

Meld. St. 1 (2024–2025) - The National Budget 2025

Chapter 2.1 and 3.1

The National Budget 2025: Key Figures in the National Budget 2025

The Ministry of Finance publishes selected key figures at 8 am, prior to the publication of the budget, which includes more detailed projections, at 10 am.

Renegotiated Agreement on Value Added Tax Signed with the EU

On the 2nd of October, Norway's ambassador to the EU, Anders H. Eide, signed a renegotiated agreement with the EU on administrative cooperation in the field of VAT. The purpose is to combat international VAT fraud. The Director-General of the

Norway and the Age of Energy

'We are transitioning out of oil, out of gas, out of fossil, and now into a new chapter. I emphasize transitioning, because this is complex; when energy sources shift, power shifts and politics shifts', said Prime Minister Jonas Gahr Støre.

By Prime Minister Jonas Gahr Støre Columbia University, World Leaders Forum

The IMF's Article IV consultation for 2024 has been completed

On 28 June, the IMF's delegation to Norway presented its yearly assessment of the Norwegian economy and Norwegian economic policy to the government. The full report has now been concluded by the IMF Executive Board.

Long-term Perspectives on the Norwegian Economy 2024: Future Norway Needs New Solutions and More People Working

The government has today presented the report on Long-term Perspectives on the Norwegian Economy 2024, which discusses the main challenges for the Norwegian economy towards 2060. In this report, the government has set a goal to increase the share of

Meld. St. 31 (2023–2024) - Long-term Perspectives on the Norwegian Economy 2024

Chapter 1

Financing change: Norway’s experience in sharing wealth

Taxing the riches of nature: sharing in the prosperity from national resources

By Minister of Finance Trygve Slagsvold Vedum At a business event 24 July in Rio de Janeiro, Brazil, prior to G20 Finance Ministers meeting

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.

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

IMF: Expect higher growth in the Norwegian economy

Economic growth will strengthen gradually and real incomes will increase, improving most households’ purchasing power. This is one of the conclusions of the International Monetary Fund (IMF)’s yearly assessment of the Norwegian economy and Norwegian

OECD’s assessment of the Norwegian Economy

Every eighteen months the OECD presents a survey of the Norwegian economy. This survey is based on the Secretariat’s study prepared for the annual review of Norway by the Economic and Development Review Committee.

OECD on the Norwegian economy: High activity and lower inflation

OECD today published their biannual survey of the Norwegian economy, with recommendations on how the government should face important challenges ahead. The survey points to increasing activity in the Norwegian economy. It also emphasises the