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Strengthens the Armed Forces and prioritizes daily preparedness and operations

The government's proposal for the defence budget for 2023 prioritizes the nation's security and preparedness, and shows solidarity in a troubled time. - The budget helps to keep our own population safe, both for today's threats and those that may

Increased resource rent tax on hydropower

The Government is proposing to increase the effective resource rent tax rate on hydropower from 37 per cent to 45 per cent, with effect from the 2022 fiscal year.

Norway to increase support for humanitarian efforts and government administration in Ukraine

‘The brutal war continues and Ukrainians are facing a cold winter. The scale of humanitarian need is enormous. We have proposed that NOK 2 billion of Norway’s support for Ukraine in 2022 should be used for humanitarian efforts and to help the

Revised state budget: Ombudsman for the Elderly to close

The government has announced in its revised state budget that it intends to dissolve Ombudsman for the Elderly (Eldreombodet) as of 1 July 2023. As a result, the budget also proposes a NOK 1 million reduction to the service’s grant for the current

Revised state budget: Government launches new public health campaign focusing on mental health

The government wants to boost mental public health. This is why ‘ABC For Good Mental Health - A Public Health Campaign’ is being launched. Its goal is to increase public knowledge about mental health, promote good mental health and prevent mental

Revised state budget: Health and Social Services Ombudsman to be bolstered

The government is bolstering the budget of the Health and Social Services Ombudsman in its revised state budget. This will enable it to continue serving patients and healthcare users throughout Norway.

Resource rent tax on aquaculture

The Government is proposing to introduce a resource rent tax on aquaculture from 1 January 2023. This proposal will be sent out for consultation today. Following the consultation, the Government will return to the Storting with a bill that will

Report on long term perspectives for the Government Pension Fund Global submitted by committee

Today, a committee that has been reviewing long term perspectives for the Government Pension Fund Global (GPFG) submitted its report, NOU 2022: 12 The Fund in a changing world, to the Ministry of Finance. The committee was chaired by Ulf Sverdrup,

The National Budget 2023: A budget for security and fair distribution

There is a war and an energy crisis in Europe. High inflation is affecting people’s lives. The Government’s response is a fair and responsible budget, which improves distribution and enhances security at a challenging time.

The National Budget 2023: More for hospitals and 24-hour treatment in the mental healthcare sector

The government is proposing to increase the operating budget for Norway’s hospitals by a total of NOK 2.7 billion. NOK 2 billion will go to increasing activity growth, while NOK 700 million will go to increasing basic funding. NOK 150 million of

Press conference: OECDs Economic Survey of Norway

On Thursday 20 June at 10:00 the OECD will present a new Economic Survey of Norway to Minister of Finance Trygve Slagsvold Vedum (Centre Party).

The Government Follows Up on the Parliament’s Decision Regarding the Ethical Framework for the Pension Fund

On November 4, the Norwegian Parliament (Stortinget) requested that the government review the ethical framework for the Government Pension Fund Global (GPFG).

Long-term Perspectives on the Norwegian Economy 2024: Future Norway Needs New Solutions and More People Working

The government has today presented the report on Long-term Perspectives on the Norwegian Economy 2024, which discusses the main challenges for the Norwegian economy towards 2060. In this report, the government has set a goal to increase the share of

National budget 2026: The government proposes increased loan authorisations of around NOK 26 billion to start five new hospital projects in 2026

In the 2026 National Budget, the government recommends granting loans for five new hospital projects, with a total investment framework of nearly NOK 29 billion. This applies to: phase 3 at Sunnaas Hospital; a new radiotherapy and somatic building

National budget 2026: NOK 140 million more for mental health

The government proposes to increase funding for mental health by NOK 140 million to make support more accessible and to ensure that children and young people living in child welfare institutions have better access to health care.

Henry George Lecture at St. Johns University: Norway’s Historical Experience with Taxing & Regulating the Exploitation of Its Natural Resources

Lecture held by Minister of Finance Trygve Slagsvold Vedum, at St. John University the 23 October 2024, New York, USA.

By Minister of Finance Trygve Slagsvold Vedum

Tax lessons for governments from Henry George

The 19th-century political economist understood that the whole of society should benefit from outsized profits.

By Minister of Finance Trygve Slagsvold Vedum Op-ed in Financial Times

State Secretary Kravik’s remarks at the G20 Anti-Corruption Ministerial Meeting

State Secretary Andreas Motzfeldt Kravik's remarks at the G20 Anti-Corruption Ministerial Meeting in Natal, Brazil 24 October 2024.

By State Secretary Andreas Motzfeldt Kravik

The EU Commission recommends negotiations of an agreement between Norway and the EU to hinder VAT fraud

The Commission adopted 26 April 2022 a recommendation to the Council to re-open negotiations of the agreement between Norway and the EU concerning administrative cooperation in the field of VAT. The purpose of the agreement is to combat

The Norwegian Government’s proposed resource rent tax on aquaculture

The 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