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Revised National Budget: Additional child-related expertise at asylum reception centres
12/05/2022 Press release Ministry of Justice and Public SecurityThe Norwegian Government proposes allocating NOK 17.2 million in funding to increase child-related expertise at asylum reception centres.
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The Revised National Budget: Government proposes record-high aid budget of NOK 44.9 billion
12/05/2022 Press release Ministry of Foreign Affairs‘The war in Ukraine is having impacts across the globe. The number of people who have been displaced is rising and more people than ever before do not have enough to eat. The Government is proposing an increase of NOK 3.6 billion in the aid budget,
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Revised state budget: Health and Social Services Ombudsman to be bolstered
12/05/2022 News story Ministry of Health and Care ServicesThe 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.
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Revised state budget: Government launches new public health campaign focusing on mental health
12/05/2022 News story Ministry of Health and Care ServicesThe 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
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Revised state budget: Ombudsman for the Elderly to close
12/05/2022 News story Ministry of Health and Care ServicesThe 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
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Revised National Budget: Sound economic governance
12/05/2022 Press release Ministry of FinanceThe Norwegian economy is unusually strong and employment is at a record low. At the same time, however, Omicron, high electricity prices and war in Europe have necessitated unforeseen financial allocations. In the Revised Budget, the government has
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Revised National Budget: Key figures in the Revised National Budget 2022
12/05/2022 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 estimates will be published with the Revised
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The EU Commission recommends negotiations of an agreement between Norway and the EU to hinder VAT fraud
27/04/2022 News story Ministry of FinanceThe 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
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Consultation on a proposal for amendments to the Norwegian VAT Act regarding cross-border trade of services from businesses to consumers
08/04/2022 News story Ministry of FinanceThe 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
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Strengthening climate risk efforts in the Government Pension Fund Global
01/04/2022 Press release Ministry of FinanceThe 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
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Responsible long-term management of the Government Pension Fund
01/04/2022 Press release Ministry of FinanceThe 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).
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A new normal for Norway
14/03/2022 Press release Ministry of FinanceThe Norwegian economy is booming. COVID-19 restrictions are lifted and we are heading out of the pandemic. Economic growth is strong, unemployment is low. A shortage of labor is leading to mounting pressure. At the same time, the war in Ukraine
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The Government Pension Fund Global to exit Russia
28/02/2022 Press release Ministry of FinanceThe Ministry of Finance has today informed the Fund manager Norges Bank to immediately freeze all investments made by the Government Pension Fund Global (GPFG) in Russia. The Ministry has further requested Norges Bank to prepare a plan for the
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Norway to increase support to Ukraine and provide military equipment
27/02/2022 Press release Office of the Prime Minister, Ministry of Defence, Ministry of Finance, Ministry of Foreign AffairsThe Norwegian Government has allocated up to NOK 2 billion for humanitarian assistance to Ukraine, and will provide military equipment such as helmets and bulletproof vests to the war-torn country. The Government will also align itself with the
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OECD on the Norwegian economy: High activity and challenges for fiscal policy
22/02/2022 Press release Ministry of FinanceOECD today published their biannual survey of the Norwegian economy, with recommendations on how the government should face important challenges ahead. The report illustrates the high activity of the Norwegian economy heading out of the pandemic. At
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Expert group report on Norges Bank’s active management of the GPFG
07/01/2022 News story Ministry of FinanceOn 3 January 2022, the expert group reviewing Norges Bank’s active management of the Government Pension Fund Global (GPFG) submitted its report to the Ministry of Finance.
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Change in the mandate for the committee on long-term perspectives for the Government Pension Fund Global
09/11/2021 Press release Ministry of FinanceThe Government has decided to change the mandate for the committee appointed to review which developments internationally and in the financial markets may affect risk and return in the Government Pension Fund Global (GPFG) and assess what
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The National Budget: A green aid budget with a focus on solidarity
08/11/2021 Press release Ministry of Foreign AffairsThe Government has proposed an aid budget of over NOK 41 billion for 2022. In order to address the climate threat, the Government has proposed a significant increase in funding for efforts in the areas of renewable energy, food security and climate
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Amendment to the 2022 Fiscal Budget Proposal: A new and fairer course for the whole of Norway
08/11/2021 Press release Ministry of FinanceOpportunities throughout the country, higher employment, labour market security, a fairer distribution of income and wealth and fairer climate policies are key priorities in the new government's proposed changes to the 2022 budget.
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Amendment to the 2022 Fiscal Budget Proposal: Key figures in the Amendment to the 2022 Fiscal Budget Proposal
08/11/2021 Press release Ministry of FinanceTo ensure simultaneous access to information that might be market sensitive, the Ministry of Finance publishes selected key figures prior to the budget launch at 12:00 am.