News about The National Budget 2020

  • Government to provide fixed-term benefits scheme for foreign employees in Longyearbyen

    21/03/2020 Press release Ministry of Justice and Public Security

    The Government announces a fixed-term benefits scheme for foreign employees in Longyearbyen whose income is suspended due to the current corona virus epidemic.

  • Economic measures in Norway in response to COVID-19

    20/03/2020 Press release Ministry of Finance, Office of the Prime Minister

    The outbreak of Covid-19 is serious for life and health. To counter the outbreak, strong measures have been taken in Norway as well as in other parts of the world. The event will have a major impact on the economy and significantly weigh on economic activity in the short term. The uncertainty about the impact is huge.

  • Continued commitment on capture and storage of CO₂

    08/01/2020 Press release Ministry of Petroleum and Energy

    The government proposes to allocate a total of 628 million NOK for the development of carbon capture and storage (CCS).

  • NOK 245 billion in net revenue from the petroleum industry in 2020

    06/11/2019 Press release Ministry of Petroleum and Energy

    The Norwegian State’s net cash flow from the petroleum industry in 2020 is estimated to about NOK 245 billion.

  • National Budget 2020: Full speed ahead in road and rail construction

    14/10/2019 Press release Ministry of Transport

    “The Government plans to continue its efforts to develop our nation and build a sustainable welfare society. This requires modern infrastructure, with efficient and safe transport options. We continue our efforts to improve the transport sector, thus contributing to an easier day-to-day life for most people, reinforcing the competitive advantages of our nation’s industries and developing the regions where people live and work. The Government is proposing to allocate NOK 75.4 billion to transport in 2020. This is an increase of more than 80 percent compared to 2013,” says Minister of Transport Jon Georg Dale, in connection with the Government presenting its National Budget proposal for 2020.

  • Proposal for Defence Budget 2020: The Norwegian Government increase the defence budget by more than 2 billion Norwegian kroner

    07/10/2019 Press release Ministry of Defence

    - The security situation has deteriorated. That is why this Government has increased its defence budgets every single year since we took office, and we will continue to strengthen the defence in the years to come, says Minister of Defence Frank Bakke-Jensen.

  • Minister of International Development creates new budget item for vulnerable groups

    07/10/2019 Press release Ministry of Foreign Affairs

    The Government’s annual budget proposal includes an allocation of NOK 466 million for vulnerable groups under a new budget item created for this purpose.

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    National Budget 2020: A budget to promote employment and welfare

    07/10/2019 Press release Ministry of Finance

    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.

  • NOK 500 million to climate-related disaster risk reduction and hunger prevention

    07/10/2019 Press release Ministry of Foreign Affairs

    The Government will allocate NOK 500 million to efforts to promote climate change adaptation, disaster risk reduction and hunger prevention. The funding will be provided under the aid budget.

  • NOK 1.4 billion increase in aid budget

    07/10/2019 Press release Ministry of Foreign Affairs

    The Government has proposed to increase the total aid budget from NOK 37.8 billion to NOK 39.2 billion. The Government will intensify Norway’s work to promote achievement of the Sustainable Development Goals (SDGs) and its climate-related efforts, with an emphasis on the fight against hunger and poverty. Norway’s substantial support for projects run by civil society organisations will be maintained, and efforts to reach vulnerable groups will be stepped up.

  • NOK 5.5 billion for humanitarian aid in 2020

    07/10/2019 Press release Ministry of Foreign Affairs

    ‘The Government has proposed an increase of NOK 115 million in the overall humanitarian budget for 2020, bringing the total to NOK 5.5 billion. This is Norway’s largest humanitarian budget ever,’ said Minister of Foreign Affairs Ine Eriksen Søreide.

  • Intensified efforts and closer cooperation on human rights

    07/10/2019 Press release Ministry of Foreign Affairs

    ‘Human rights are under considerable pressure. In response to this, we are increasing our support for human rights efforts by NOK 77 million in 2020,’ said Minister of Foreign Affairs Ine Eriksen Søreide.

  • Government increases support for foreign policy research

    07/10/2019 Press release Ministry of Foreign Affairs

    The Government will increase its allocation to research on Europe and Asia by NOK 11 million.

  • National Budget: International cooperation, humanitarian aid and human rights are priorities

    07/10/2019 Press release Ministry of Foreign Affairs

    ‘In a rapidly changing world, it is important that the Government pursues an active foreign policy that safeguards Norway’s interests, economy and jobs,’ said Minister of Foreign Affairs Ine Eriksen Søreide.

  • Government proposes increase in support for stabilisation in crisis-affected countries

    07/10/2019 Press release Ministry of Foreign Affairs

    The Government has proposed an allocation of NOK 835.4 million for stabilisation efforts in countries affected by conflict and crisis. This is an increase of NOK 129.5 million.

  • National Budget 2020: Outline of economic developments and fiscal policy

    07/10/2019 Press release Ministry of Finance

    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.