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.

Internasjonal avtale

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 Revised National Budget 2024

A budget to provide security in demanding times

Press release 14/05/2024

Defence and security are the priorities in the Norwegian government’s proposal for the Revised National Budget. The government’s most important duty is to safeguard its people. Defence capability will be strengthened with a historic budget increase and police budgets will also increase to help combat gang crime. The government continues to uphold public services for the Norwegian people, supporting hospitals and reducing waiting times.


Documents and press releases

Overview page

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

Meld. St. 22 (2023–2024)

The Government Pension Fund 2024

Report to the Storting 12/04/2024


Ministry of Finance

Phone: (+47) 22 24 90 90
Address: Postboks 8008 Dep, 0030 Oslo
Visitor address: Akersgata 40, 0180 Oslo

Economic Policy Department

Phone: +47 22 24 90 90
Address: Postboks 8008 Dep, 0030 Oslo
Visitor address: Akersgata 40, 0030 Oslo