Economic Policy

The Ministry of Finance and numerous associated institutions report on the condition of the Norwegian economy. On this page you can find some of the most important sources of information about the subject.

Current

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National Budget 2018:

A budget for economic growth, job creation, and a sustainable welfare state

The Government’s fiscal policy has been used actively to counter the effects of the oil price slump. The economy is now gradually recovering. In the fiscal budget for 2018, the use of petroleum revenues will therefore increase more slowly than in recent years. The Government prioritisesgrowth-promoting tax reductions and a continued focus on education, transport, health, and welfare at the local level.

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National Budget 2018:

Key figures in the fiscal budget 2018

To ensure simultaneous access to potentially market sensitive information in the fiscal budget, selected key figures are unveiled prior to the budget release.

Documents

Meld. St. 1 (2017 - 2018)

National Budget 2018

Faced with the most severe oil and gas price slump in 30 years, the Government has over the last few years actively used fiscal policy to counter unemployment. This has worked as intended. Targeted fiscal policy has, along with low interest rates and a distinct improvement in competitiveness, served to promote growth and reduce unemployment, also in southern and western Norway where economic activity was the most affected by lower oil prices. Economic growth is expected to be in line with trend growth this year and higher than trend growth next year. For the current year, this represents a significant increase from previous estimates, and the rebound appears to be swifter than had been anticipated.

Meld. St. 29 (2016-2017)

Long-term Perspectives on the Norwegian Economy 2017

The macroeconomic framework promotes a solid and stable development of the Norwegian economy. The Government Pension Fund Global helps to separate the earning of petroleum income from the use of that income, allowing the revenues to also benefit future generations.

Contact

The Economic Policy Department

Phone: +47 22 24 45 03
Address: Postboks 8008 Dep, 0030 Oslo
Visitor address: Akersgata 40, 0030 Oslo