The economy
In the Government, it is the Minister of Finance’s responsibility to draw up and coordinate economic policy. The Ministry of Finance acts as the secretariat for the Minister of Finance. It is the political authorities – the Government and the Storting – that make the decisions.
The Norwegian Fiscal Policy Framework
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
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 2023
A budget for security and fair distribution
There is a war and an energy crisis in Europe. High inflation is affecting people’s lives. The Government’s response is a fair and responsible budget, which improves distribution and enhances security at a challenging time.
Meld. St. 1 (2022-2023)
National Budget 2022 - Chapter 3.1
Fiscal policy. Report to the Storting (white paper) on The National Budget 2023 (Støre Government).
Latest on the economy
What's new
- Consultation on resource rent tax on onshore wind power Press release 16/12/2022
- The National Budget 2023: More for hospitals and 24-hour treatment in the mental healthcare sector Press release 07/10/2022
- The National Budget 2023: Historic investment in the Regular General Practitioner Scheme Press release 07/10/2022
- The National Budget 2023: Boost for the mental health and substance abuse fields Press release 07/10/2022
- Strengthens the Armed Forces and prioritizes daily preparedness and operations News story 06/10/2022
Documents
- Government Pension Fund and the Santiago principles Guidelines/brochures 31/01/2023
- Action plan to combat social dumping and work-related crime Plans/strategy 02/11/2022
- Prop. 1 LS (2022–2023) - Taxes 2023 Proposition 06/10/2022
- NOU 2022: 12 - The Fund in a changing world Norwegian Official Report (NOU) 26/09/2022
- Meld. St. 9 (2021–2022) - The Government Pension Fund 2022 Report to the Storting 01/04/2022
Related topics
Contact
Ministry of Finance
E-mail: postmottak@fin.dep.no
Phone: (+47) 22 24 90 90
Address: Postboks 8008 Dep, 0030 Oslo
Visitor address: Akersgata 40, 0180 Oslo
Economic Policy Department
E-mail: postmottak@fin.dep.no
Phone: +47 22 24 45 03
Address: Postboks 8008 Dep, 0030 Oslo
Visitor address: Akersgata 40, 0030 Oslo