The National Budget 2020

Information about Norway's National Budget for 2020, presented to the Storting as Report no. 1 (2019-2020) on 7 October 2019. The National Budget presents the Government's programme for the implementation of economic policy and projections for the Norwegian economy.

Latest news about The National Budget 2020

Illustrasjon for Statsbudsjettet 2020

A budget to promote employment and welfare

The Norwegian economy is in its third year of economic expansion. Employment growth is strong and the registered unemployment rate has fallen to levels last seen in 2008. Non-oil business investments are at a 10-year high. These positive developments are expected to continue. Non-oil GDP is projected to increase by 2.7 per cent this year and 2.5 per cent next year.

Illustrasjon for Statsbudsjettet 2020

Outline of economic developments and fiscal policy

The Norwegian economy is in its third year of economic expansion. Activity is expanding throughout the country and in most sectors. The strong performance of the Norwegian economy is expected to continue. In the National Budget for 2020, growth in the mainland economy is forecast to reach 2.7 percent this year and 2.5 percent next year. This is above the long-term trend both this year and next.

Documents

Meld. St. 1 (2019-2020)

National Budget 2020 - A Summary

The Norwegian economy is performing well. Unemployment is low, and new jobs are created in both rural and urban areas. This contributes to the sustainability of our welfare society.

Prop. 1 LS (2019–2020)

Taxes 2020 - Chapter 1

Proposition to the Storting (bill and draft resolution) for the fiscal year 2020