Strong surge in oil taxes

Tax receipts from January to October total NOK 226 billion for the country as a whole. This is an increase of 14.5 per cent or NOK 28.6 billion compared to the same period last year. Oil taxes are the largest contributor to the growth in taxes, with nearly NOK 13 billion.

In the period from January to October tax income excluding oil taxes totalled NOK 192.5 billion, an increase of nine per cent compared to the same period in the previous year.

Local governments have taken in tax revenues of NOK 64.3 billion so far this year and growth, overall, has been high throughout the country. Oslo and Vest-Agder have had the highest growth, with 13.8 and 9.4 per cent respectively. The lowest increase was seen in Sogn og Fjordane, with 4.1 per cent. The primary municipalities have taken in NOK 45.7 billion, up NOK 2.7 billion in monetary terms.

Increased oil taxes

In the first 10 months of the year NOK 33.5 billion in oil taxes has been paid. This is 61.4 per cent or NOK 12.7 billion higher compared to the same period last year. Not since 1985 has Norway had such a comparatively high income from the petroleum sector for the period from January to October. The reason for the growth is higher oil and gas production and higher oil prices measured in Norwegian kroner.

New Statistics

Tax accounts statistics, January-October 1997.
Statistics are published monthly in the Weekly Bulletin of Statistics. Main aggregates are available in the Official Statistics of Norway (NOS) Monthly Bulletin of Statistics. Data on the tax receipts of the individual municipalities are published in the electronic edition of the Weekly Bulletin of Statistics on the Web and in Official Statistics of Norway (NOS) Regional Statistics. More information: Tove Brynhildsen, tel. +47 21 09 47 72, e-mail: tbr@ssb.no, or Rune Bye, tel. +47 21 09 45 14, e-mail: rby@ssb.no.

Weekly Bulletin issue no. 47, 1997