Articles for General government revenue and expenditure

Articles, analysis, and publications

Increased revenues – lower taxes Article 11 December
General government revenues, excluding petroleum taxes, amounted to NOK 2,359 billion in 2023. Taxes from households and corporations represented 70 per cent of total revenues – the lowest ever recorded.
Petroleum revenues and surplus down Article 5 March
The government surplus in 2023 is estimated at NOK 837 billion. This is equivalent to 16 per cent of GDP. The surplus is far lower than the previous year, but still very high in a historical perspective.

Reduced government surplus Article 8 June
General government surplus in the first quarter of 2023 is estimated at NOK 276 billion. This is NOK 41 billion lower than the corresponding quarter last year. The reduction is to a large extent explained by declining revenues from the petroleum sector.
Soaring revenues caused by high gas prices Article 6 March
General government revenues in 2022 are estimated to be NOK 3,592 billion. The increase from 2021 is 1,144 billion and contributes to a surplus equivalent to 26 per cent of GDP. The rise in revenues is explained by exceptional growth in taxes and dividends from the petroleum sector.

Increasing surplus Article 8 December
General government has had a substantial increase in surplus in the first three quarters of 2022. The accumulated surplus is estimated at NOK 1116 billion and is mainly due to increased petroleum revenue.
Increased surplus Article 15 September
General government has had a substantial increase in surplus in the first two quarters of 2022. The accumulated surplus is estimated at NOK 648 billion and is mainly due to increased petroleum revenue.
Surging surplus Article 7 June
General government has had a substantial increase in surplus in 2022Q1. The surplus is estimated at NOK 299 billion and is mainly due to increased petroleum revenue.
Petroleum fueled surplus Article 3 March
General government generated a substantial surplus in 2021, following a deficit in 2020. The surplus is estimated at NOK 376 billion and is mainly due to increased petroleum revenue.

Rise in government surplus Article 2 December
The general government surplus in 2021Q3 is on the rise following several quarters of deficits in 2020. The accumulated surplus in 2021Q3 is estimated at NOK 135 billion.