The economy

The Norwegian Fiscal Policy Framework

Article

The Government Pension Fund Global and the fiscal rule have since 2001 set out the plan for the phasing-in of petroleum income and investment returns to the Norwegian economy. The Government Pension Fund Act stipulates that the State’s net cash flow from the petroleum industry shall in its entirety be transferred to the Government Pension Fund Global, and that resources in the Fund can only be transferred to the budget pursuant to a decision by Parliament.

General tax conventions between Norway and other states

Article

General tax conventions for the avoidance of double taxation and the prevention of fiscal evasion,and other international agreements regarding tax matters.

The National Budget 2024

A budget to safeguard Norwegian households

Press release 06/10/2023

The budget for 2024 provides security and opportunity for people and businesses throughout Norway. There are expenditure increases in several areas due to war in Europe, a record number of refugees and higher prices. The Government’s priorities are good public services and support for the most vulnerable, along with security and stability. Norway will play its part in helping Ukraine and Ukrainian refugees. The Government will continue to implement the green transition and take action to achieve our climate goals.

Meld. St. 1 (2023-2024)

The National Budget 2024

Report to the Storting 06/10/2023

Chapter 2.1 The Norwegian Economy and Chapter 3.1 Fiscal Policy (Støre Government).

Meld. St. 17 (2022–2023)

The Government Pension Fund 2023

Report to the Storting 31/03/2023

Topics in this year’s paper include how international economic and political developments may affect the Government Pension Fund Global, and a new review of the active management of the Government Pension Fund Norway.