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Recommendations from the working group on government transactions and the money market
03/04/2024 News story Ministry of FinanceIn June 2023, the Ministry of Finance appointed a working group composed of experts from Norges Bank (Central Bank of Norway) and the Ministry of Finance to examine the effects of government transactions on the money market. The working group has
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Norway will implement new rules for taxation of large multinational enterprises
24/11/2023 Press release Ministry of FinanceToday 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
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National Budget 2024: Creating more training posts to solve the GP crisis
11/10/2023 News story Ministry of Health and Care Services‘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
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National Budget 2024: NOK 2.2 billion more for hospitals, waiting times to be reduced
11/10/2023 News story Ministry of Health and Care ServicesThe 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
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A Strong Defence Budget for Demanding Times
06/10/2023 News story Ministry of DefenceThe Norwegian Government´s proposal for the 2024 defence budget increases national defence capability and strengthens military readiness at a time of war in Europe. It also follows up Norway’s commitments to NATO and demonstrates solidarity with
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Government budget 2024: Norway will continue to receive patients from Ukraine
06/10/2023 News story Ministry of Health and Care ServicesThe 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
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The National Budget 2024: A budget to safeguard Norwegian households
06/10/2023 Press release Ministry of FinanceThe budget for 2024 provides security and opportunity for people and businesses throughout Norway. There are expenditure increases in several areas due to war in Europe, a record number of refugees and higher prices. The Government’s priorities are
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The National Budget 2024: The Government will introduce a resource rent tax on onshore wind power from 2024
06/10/2023 Press release Ministry of Finance, Office of the Prime MinisterThe Government is today presenting a modified bill for the introduction of a resource rent tax on onshore wind power from 2024. The proposal will ensure that a larger share of the value added in the wind power industry will accrue to society as a
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The National Budget 2024: Key Figures in the National Budget 2024
06/10/2023 Press release Ministry of FinanceThe Ministry of Finance publishes selected key figures at 8 am, prior to the publication of the budget at 9 am. More detailed projections will be published in the National Budget.
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The IMF's Article IV consultation for 2023 has been completed
26/07/2023 News story Ministry of FinanceOn 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.
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IMF: Favourable growth prospects, solid fundamentals and policy management
08/06/2023 Press release Ministry of FinanceThe International Monetary Fund (IMF) today presented its yearly assessment of the Norwegian economy and Norwegian economic policy. An IMF delegation has spent the last week meeting Norwegian authorities, academic and financial institutions and
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Revised National Budget: Additional round-the-clock care places
16/05/2023 News story Ministry of Health and Care ServicesTo ensure good and safe health and care services for the elderly, the Government proposes to increase the grant limit for round-the-clock care facilities by NOK 2 billion. The Government also proposes to expand the Tørn programme under the Norwegian
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Revised National Budget: More funding for low-threshold measures in mental health and substance abuse care
16/05/2023 News story Ministry of Health and Care ServicesIn its proposal for the revised 2023 National Budget, the Norwegian Government will allocate NOK 53 million to strengthen four grant schemes for low-threshold measures in the area of mental health and substance abuse care.
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Revised National Budget: Hospitals will receive larger budgets
16/05/2023 News story Ministry of Health and Care ServicesThe Norwegian Government proposes a permanent budget increase for hospitals, in addition to extraordinary price and wage adjustments in the hospital budgets. This amounts to a total of NOK 4.7 billion.
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Revised National Budget: A responsible budget that provides security for people throughout Norway
11/05/2023 Press release Ministry of FinanceIn the revised budget, the government will prioritise crucial public services such as healthcare, the police and refugees. Providers of public services and benefit recipients will receive compensation for wage growth and inflation. The government
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Revised National Budget: Key figures in the Revised National Budget 2023
11/05/2023 Press release Ministry of FinanceTo secure equal access to information that might be market sensitive, the Ministry of Finance publishes selected key figures prior to launching the Revised National Budget at 10:45 a.m. More detailed forecasts will be published in the Revised Budget.
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Revised National Budget: Postponed implementation of resource rent tax on onshore wind power
11/05/2023 Press release Ministry of FinanceThe Government wants a larger share of the value which is created from the country’s common natural resources to benefit local communities, municipalities and society as a whole. The Government notified its intention to propose a resource rent tax
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Annual white paper on the Government Pension Fund
31/03/2023 Press release Ministry of FinanceToday, 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
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The Norwegian Government’s proposed resource rent tax on aquaculture
28/03/2023 Press release Office of the Prime Minister, Ministry of FinanceThe Government will today present a bill proposing a resource rent tax on aquaculture. The intention of the proposal is to ensure that local communities along the coast and society as a whole receive a greater share of the value that is created by
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The Government’s first meeting on the budget for 2024
05/03/2023 Press release Ministry of FinanceThe budget conference takes place against a backdrop of high activity in the Norwegian economy and record high employment numbers. However, Norway is also affected by global crises and unrest - war in Europe, the energy crisis and climate change.