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Revised National Budget: The Norwegian Defence Boost Begins Now

The government's most fundamental task is to ensure the security of people living in Norway. Therefore, we prioritise defence, security, and preparedness, especially in a more serious security situation. In the revised national budget, the

Revised national budget 2025: Stable governance in uncertain times

In the revised national budget, the government maintains the course set in the budget passed before Christmas. The most significant changes stem from the unanimous decision in Parliament to significantly increase support for Ukraine and from the

The Government Pension Fund white paper 2024

Today, the Ministry of Finance submits the annual white paper about the Government Pension Fund to the Storting. The white paper gives an account of the Government Pension Fund Norway (GPFN) and Government Pension Fund Global (GPFG) results and

Meeting with President Macron to discuss Norwegian sovereign wealth fund

On Tuesday, Prime Minister Jonas Gahr Støre, Minister of Finance Jens Stoltenberg and French President Emmanuel Macron met with the Governor of Norges Bank Ida Wolden Bache and the CEO of Norges Bank Investment Management (NBIM) Nicolai Tangen.

The National Budget 2026: Securing the economy, society and country

The Government will continue to implement a responsible economic policy in the proposed National Budget for 2026.

Increased Tariffs on Agricultural Goods and Fertilizers from Russia and Belarus

The government has decided to increase tariffs on agricultural products and fertilizer goods from Russia and Belarus in line with similar measures implemented by the EU.

National budget 2026: Over NOK 3.5 billion for the elderly

In the 2026 state budget, the Norwegian government is proposing over NOK 3.5 billion for the elderly. Funds are being allocated for grants to provide 1,500 nursing home places , subsidies to upgrade private homes, improved hearing care, and

Norway to increase civilian support to Ukraine

The Norwegian Government is proposing an increase of NOK 15 billion in civilian support to Ukraine in 2026. The proposed allocations for support to Ukraine in 2026 will total a minimum of NOK 85 billion, thus maintaining the overall extraordinary

The National Budget 2026: High production and large revenues from the petroleum industry

The state's net cash flow from petroleum activities is estimated to be 664 billion NOK in 2025. The estimate for 2026 is approximately 521 billion NOK.

The Longship project is near completion

The Norwegian government continues its investment in the Longship project and proposes an allocation of 2.1 billion NOK in the state budget for 2025. In 2025, a large part of the full-scale project for CCS in Norway will be completed.

A responsible approach to floating offshore wind

The government’s offshore wind initiative continues on a steady course. The government will announce the next project areas for development of offshore wind on the Norwegian continental shelf in 2025 and is proposing 35 billion NOK for a support

State budget for 2025: Historic investment in our shared health service

Health is one of the primary investment areas in the proposed national budget for 2025. Among other things, the Norwegian government is proposing to increase funding for hospitals by NOK 5.5 billion compared to the balanced budget for 2024. You

State budget for 2025: Norwegian government boosting hospital finances: waiting times to be slashed

In the state budget for 2025, the Norwegian government is proposing to increase operating allocations for hospitals by NOK 5.5 billion compared to the balanced budget for 2024. You would have to go back to 2008 to find the closest comparable

State budget for 2025: Norwegian government making arrangements for 1,500 round-the-clock care places

In the state budget for 2025, the Norwegian government is proposing a commitment framework of NOK 3.25 billion for investment subsidies, corresponding to around 1,500 round-the-clock care places.

The Finance Minister promotes Norwegian resource rent taxation in Financial Times

In the article «Tax lessons for governments from Henry George» in Financial Times, Finance Minister Trygve Slagsvold Vedum discusses how Henry George's ideas on taxation of land and resources may be relevant for the global tax debate.

State budget for 2025: NOK 400 million for mental health and substance abuse

In the state budget for 2025, the Norwegian government is proposing to allocate NOK 400 million for following up on the escalation plan for mental health and the upcoming prevention and treatment reform for the field of substance abuse.

The National Budget 2026: Key figures in the National Budget for 2026

To secure equal access to macroeconomic indicators that might be market sensitive, the Ministry of Finance will publish selected key figures before the National Budget is presented at 10 am. More detailed projections will be published in the budget.

Renegotiated Agreement on Value Added Tax Signed with the EU

On the 2nd of October, Norway's ambassador to the EU, Anders H. Eide, signed a renegotiated agreement with the EU on administrative cooperation in the field of VAT. The purpose is to combat international VAT fraud. The Director-General of the

Financing change: Norway’s experience in sharing wealth

Taxing the riches of nature: sharing in the prosperity from national resources

By Minister of Finance Trygve Slagsvold Vedum At a business event 24 July in Rio de Janeiro, Brazil, prior to G20 Finance Ministers meeting

Norway and the Age of Energy

'We are transitioning out of oil, out of gas, out of fossil, and now into a new chapter. I emphasize transitioning, because this is complex; when energy sources shift, power shifts and politics shifts', said Prime Minister Jonas Gahr Støre.

By Prime Minister Jonas Gahr Støre Columbia University, World Leaders Forum