News and press releases

Latest news from the Ministries and the Office of the Prime Minister can be found here.

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    Ministry of Finance

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  • Web TV

    The Norwegian Government’s proposed resource rent tax on aquaculture

    28/03/2023 Press release Office of the Prime Minister, Ministry of Finance

    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

  • The Government’s first meeting on the budget for 2024

    05/03/2023 Press release Ministry of Finance

    The 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.

  • The Contract Continuity Regulation is extended until 1 October 2023

    15/02/2023 News story Ministry of Finance

    The Ministry of Finance has asked Finanstilsynet (the Norwegian Financial Supervisor) to assess the possible necessity of an additional national framework governing the provision of investment services from companies outside the EEA to professional

  • Web TV

    Norway strengthens the Armed Forces through purchase of new tanks

    03/02/2023 Press release Office of the Prime Minister, Ministry of Defence, Ministry of Finance

    The Norwegian Government has decided to acquire 54 main battle tanks (MBT) of the Leopard 2 type from German Krauss-Maffei Wegmann, with an option to purchase an additional 18 units. The first MBTs are expected to be delivered in 2026. This

  • Identification of systemically important institutions

    21/12/2022 News story Ministry of Finance

    The Ministry of Finance has today decided that DNB ASA, Kommunalbanken AS and Nordea Eiendomskreditt AS shall continue to be identified as systemically important institutions in Norway, as recommended by the Norwegian FSA.

  • Consultation on resource rent tax on onshore wind power

    16/12/2022 Press release Ministry of Finance, Ministry of Energy

    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

  • Banks’ capital requirements unchanged

    16/12/2022 News story Ministry of Finance

    Today, the Ministry of Finance has decided to maintain the systemic risk buffer at 4.5 percent. For banks not using the Advanced IRB Approach, the phasing-in period is prolonged by one year. Thus, the systemic risk buffer of 4.5 percent shall apply

  • Amendments to the lending regulation

    09/12/2022 Press release Ministry of Finance

    Today, the Ministry of Finance has adopted amendments to the Norwegian bank lending regulation. The amendments will take effect on 1 January 2023.

  • Norway signs agreement to assist Ukraine with gas procurement

    21/11/2022 Press release Ministry of Foreign Affairs, Ministry of Finance

    Norwegian Minister of Finance Trygve Slagsvold Vedum has today signed an agreement to provide funding of NOK 2 billion to enable Ukraine to purchase natural gas during the coming winter.

  • Tighter restrictions on Russian fishing vessels enter into force

    13/10/2022 Press release Ministry of Foreign Affairs, Ministry of Finance, Ministry of Justice and Public Security, Ministry of Trade, Industry and Fisheries

    The tighter restrictions on Russian fishing vessels over 500 gross tonnage announced on 6 October will enter into force on Friday 14 October. From that date these vessels will only be permitted access to the ports of Tromsø, Kirkenes and Båtsfjord.

  • Norway tightens restrictions on Russian fishing vessels

    06/10/2022 Press release Ministry of Foreign Affairs, Ministry of Finance, Ministry of Justice and Public Security, Ministry of Trade, Industry and Fisheries

    The Government has decided that Russian fishing vessels will only be permitted access to three Norwegian ports, and that all Russian vessels arriving at these ports will be subject to inspection.

  • Web TV

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

    06/10/2022 Press release Ministry of Finance

    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: Key Figures in the National Budget 2023

    06/10/2022 Press release Ministry of Finance

    To ensure simultaneous access to information which may be market sensitive, the Ministry of Finance publishes selected key figures at 8:00AM prior to the budget launch at 10:00 am. More detailed projections will be published with the National Budget.

  • The National Budget 2023: Adjusting the tax rules for the petroleum sector

    06/10/2022 Press release Ministry of Finance

    Oil and gas prices have increased significantly since the introduction of the temporary tax rules for the petroleum sector in 2020. As a result of this, the Government will now be adjusting these rules.

  • Increased resource rent tax on hydropower

    28/09/2022 News story Ministry of Finance

    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.

  • Web TV

    Profits from natural resources will be better distributed

    28/09/2022 Press release Ministry of Finance, Office of the Prime Minister

    Energy producers and the aquaculture industry make billions of kroner on our common resources. The Government is now proposing that more of the value created should go back to society.

  • Resource rent tax on onshore wind energy

    28/09/2022 News story Ministry of Finance

    The government proposes the introduction of resource rent tax on onshore wind energy as from 2023. The proposal will be referred for public consultation before the end of the year, and involves the taxation of resource rent at an effective rate of

  • High-price contribution on wind and hydropower

    28/09/2022 News story Ministry of Finance

    The Government is proposing to introduce a high-price contribution, with the rate set at 23 per cent of the electricity price in excess of NOK 0.70 per kWh. The contribution is designed as an excise duty payable to the treasury. The tax will be

  • Adjustment of local and county authorities’ general grant

    28/09/2022 News story Ministry of Finance

    The Government proposes a one-year deduction in the general grant to local and county authorities with income from licence power. The proposal applies to local and county authorities in the areas with the highest electricity prices.

  • Resource rent tax on aquaculture

    28/09/2022 News story Ministry of Finance

    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

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