The National Budget
Published under: Solberg's Government
Publisher Ministry of Finance
This page contain information about Norway's National Budget for 2017, presented to the Storting as Report no. 1 (2016-2017) on 6 October 2016. The National Budget presents the Government's programme for the implementation of economic policy and projections for the Norwegian Economy.
National Budget 2017:
“Norway will emerge stronger from the challenging restructuring the economy now experiences. The Budget for 2017 contains targeted measures to counteract unemployment in the regions and industries that are hardest hit by the drop in oil prices. The Budget for 2017 is a budget for more jobs, better welfare, and a safe life," says Minister of Finance Siv Jensen.
Government commissions to consider how to apply the fiscal rule and the need for multi-year budgeting
“The Government has decided to appoint two expert commissions to strengthen the fiscal policy framework and to contribute to a more efficient use of public funds,” says Minister of Finance Siv Jensen.
Meld. St. 1 (2016 - 2017)
The Norwegian economy is improving. Growth is being supported by expansionary eco-nomic policy. Confidence indicators point to-wards continued growth. Both households and businesses are more optimistic about the future, and registered unemployment is falling in a ma-jority of Norway’s counties. Nonetheless, eco-nomic growth has been moderate thus far. Unem-ployment based on Statistics Norway’s labour force survey has risen, and employment growth has not kept up with population growth. However, the risk of a serious downturn in the Norwegian economy appears to be lower than last winter and spring.
Prop. 1 LS (2016 – 2017)
In the budget for 2017, the Government is proposing tax changes that will strengthen incentives for savings, investment and work. These changes are important to succeed with structural adjustment, thus increasing productivity and economic growth. A lower tax rate on ordinary income for individuals and corporations is especially growth inducing. This sends out a clear signal, along with improvements to net wealth tax, that investment in Norway shall be profitable.