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.

What's new

Illustration for the national budget 2021

The National Budget 2021:

Producing more and making working life more inclusive

07/10/2020: Norway has in 2020 experienced an economic setback without precedent since the war. Activity has been on the rebound in the last few months, but the road ahead remains fraught with uncertainty. The fiscal budget for 2021 shall help Norway recover the coronavirus crisis.

Illustration for the national budget 2021

The National Budget 2021:

Key Figures in the National Budget 2021

07/10/2020: To ensure simultaneous access to potentially market-sensitive macroeconomic data, the Ministry of Finance publishes selected key figures prior to the National Budget and fiscal budget launch at 10:00 a.m. More detailed estimates will be published together with the National Budget.

Contact

Ministry of Finance

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

The Economic Policy Department

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