Tax revenues continue to rise

Tax revenues in Norway totalled NOK 167 billion from January to July this year, an increase of nearly 15 per cent or NOK 22 billion compared to the same period last year. Oil taxes are the largest contributor to the growth in tax income, with close to NOK 9 billion.

A total of 18.9 billion has been paid in oil taxes, up NOK 8.9 billion from the same period last year. The increase in oil taxes thus accounts for 41 percent of the total growth in tax revenues so far this year. The reason for the growth in oil taxes is expanded oil and gas production and higher oil prices measured in Norwegian kroner. Not since January-July 1986 have tax revenues from oil activities been as large.

So far this year local governments have taken in nearly NOK 49 billion in tax receipts, up NOK 2.9 billion or 6.4 per cent compared to the same period last year.

New Statistics

Tax accounts statistics, January-July 1997.
The statistics are published in the Weekly Bulletin of Statistics. Main aggregates are available in the Monthly Bulletin of Statistics. Data on tax receipts in the individual municipalities are published in the Official Statistics of Norway (NOS) series Regional Statistics. More information: Tove Brynhildsen, tel. +47 21 09 47 72, e-mail: tbr@ssb.no, Hjørdis Eeg-Henriksen, tel. +47 21 09 45 27, e-mail: heh@ssb.no or Rune Bye, tel. +47 21 09 45 14, e-mail: rby@ssb.no.

Weekly Bulletin issue no. 34, 1997