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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.

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

The IMF's Article IV consultation for 2024 has been completed

On 28 June, the IMF's delegation to Norway presented its yearly assessment of the Norwegian economy and Norwegian economic policy to the government. The full report has now been concluded by the IMF Executive Board.

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

Consultation on resource rent tax on onshore wind power

The Government proposes to introduce a resource rent tax on onshore wind power from 2023 and is today sending the proposal for consultation, as described in the State Budget for 2023. It is one of several resource rent proposals which will lead to

Government budget 2024: Norway will continue to receive patients from Ukraine

The government has proposed a grant of NOK 200 million in 2024 to support the treatment of patients from Ukraine in Norwegian hospitals. To date, more than 300 patients have arrived in Norway as part of the medevac scheme. Since the start of the war

Annual white paper on the Government Pension Fund

Today, the Ministry of Finance submits the white paper The Government Pension Fund 2023 to the Storting. Topics in this year’s paper include how international economic and political developments may affect the Government Pension Fund Global, and a

National Budget 2024: NOK 2.2 billion more for hospitals, waiting times to be reduced

The Norwegian government is proposing a NOK 2.2 billion increase in funding for hospitals above and beyond wage and price inflation. The draft budget will facilitate shorter waiting times, strengthened mental health care and collaborative measures

National Budget 2024: Creating more training posts to solve the GP crisis

‘In order to solve the GP crisis, we need more doctors to be trained and specialise in general practice. With 66 new positions for specialised doctors next year, we are providing the highest ever number of posts,’ says Ingvild Kjerkol, Minister of

The IMF's Article IV consultation for 2023 has been completed

On 8 June, the IMF's delegation to Norway presented its yearly assessment of the Norwegian economy and Norwegian economic policy to the government.  The full report has now been concluded by the IMF Executive Board.

Norway will implement new rules for taxation of large multinational enterprises

Today the Government put forward a Bill to the Norwegian parliament to implement internationally agreed rules on global minimum tax. This will deter profit shifting and ensure large business groups pay at least 15 per cent tax on their profits. The

G20 Summit in Johannesburg: Inclusive and sustainable economic growth

Dear President Ramaphosa, dear colleagues, it has been a privilege for Norway to be an invited country during South Africa’s G20 presidency.

By Prime Minister Jonas Gahr Støre The speech was held by State secretary Halvard Ingebrigtsen

A Resilient World

Dear President Ramaphosa, dear colleagues. As my Irish colleague said, we were at COP30 in Belem two weeks ago. And although there are reasons to be very concerned about climate change, at least we can see that the Paris agreement is working.

By Prime Minister Jonas Gahr Støre Remarks at the G20 Summit in Johannesburg

Consultation on a proposal for amendments to the Norwegian VAT Act regarding cross-border trade of services from businesses to consumers

The Norwegian Ministry of Finance hereby presents a proposal for amendments to the Norwegian VAT Act regarding cross-border sales of services from businesses to consumers (B2C). It is proposed that all purchases of remotely deliverable services from

Revised National Budget: Additional child-related expertise at asylum reception centres

The Norwegian Government proposes allocating NOK 17.2 million in funding to increase child-related expertise at asylum reception centres.

Strengthening climate risk efforts in the Government Pension Fund Global

The Government will strengthen the efforts on climate risk in the Government Pension Fund Global (GPFG). The changes proposed in the white paper The Government Pension Fund 2022 are largely in line with the recommendations in the expert report

Responsible long-term management of the Government Pension Fund

The Ministry of Finance is today publishing the white paper The Government Pension Fund 2022. Key topics in this paper are climate risk and the review of active management of the Government Pension Fund Global (GPFG).

State budget for 2025: Bolstering investment in women’s health

To date, the Norwegian government has bolstered investment in targeted women’s health initiatives to the tune of around NOK 150 million. In the proposed state budget for 2025, the government is suggesting a further NOK 13 million to follow up on the

IMF: Expect higher growth in the Norwegian economy

Economic growth will strengthen gradually and real incomes will increase, improving most households’ purchasing power. This is one of the conclusions of the International Monetary Fund (IMF)’s yearly assessment of the Norwegian economy and Norwegian

Revised National Budget 2024: A budget to provide security in demanding times

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