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Increased revenue for 2011 and 2012
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2013-11-29T10:00:00.000Z
Public sector;Public sector
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offinnut, General government revenue and expenditure, central government, local government, taxes, duties, national insurance contributions, pension premiums, revenue by type (for example fines, fees, tolls), expenditure by type (for example disability pension, child benefit, subsidies), expenditure by function (for example health care, environmental protection, culture), public deficit, municipal accounts, municipal economy, municipal finances, net financial investments.Local government finances , General government , Central government finances , Public sector
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General government revenue and expenditure, 2012

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The statistics describe government revenue and expenditure. Together with financial assets and liabilities, they give a comprehensive overview of the sector’s finances.

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Increased revenue for 2011 and 2012

New figures for general government revenue and expenditure for 2011 and 2012 have now been implemented, yielding upward adjustments of general government surplus to NOK 374 billion and NOK 404 billion respectively.

General government. Revenue, expenditure and net lending/borrowing. Accrued values. NOK millionPublished 29 November 2013
20082009201020112012
General government revenue1 495 6421 345 4011 424 7571 574 6231 655 067
General government total expenditure1 014 7021 094 5041 142 2271 200 5201 250 616
Net lending/borrowing (-)480 940250 896282 529374 102404 451
 
Central government net lending/borrowing512 253276 656309 792397 585426 519
Local government net lending/borrowing-31 312-25 758-27 266-23 485-22 067

Source: Statistics Norway

Figures for assessed corporate taxes for 2011 and assessed tax on personal taxpayers for 2011 and 2012 are now completed and replace previous estimates. 2011 figures for general government revenue and expenditure are now finalised.

2011 tax revenue from petroleum activities adjusted upwards

In 2011, general government revenue was NOK 1 575 billion. This constitutes an upward revision of NOK 5.5 billion when compared to the previous publication in May, of which NOK 5.3 billion is due to new figures for central government revenue from taxes on income and wealth from extraction of petroleum.

Central government revenue from taxes on income and wealth, excluding extraction of petroleum, is adjusted upwards by NOK 0.9 billion for 2011. For local government, the corresponding revenue is adjusted down by approximately the same amount. Also, local government expenditure is revised down by NOK 0.4 billion, mostly due to new figures for use of goods and services and acquisitions of fixed assets. For central government expenditure there are only minor revisions.

Finalised figures for local government amount to a deficit, measured by net borrowing, of NOK 23.5 billion in 2011. For central government, the corresponding figure shows a surplus of NOK 397.6 billion.

Assessed personal tax replaces previous estimates for 2012

For 2012, assessed tax from personal taxpayers has now been incorporated, giving rise to an upward adjustment of tax revenue for general government of NOK 1.4 billion to NOK 614 billion. Total revenue was NOK 1 655 billion, while total expenditure was NOK 1 251 billion, with the latter being NOK 1.9 billion lower than previously published. General government surplus thus amounted to NOK 404 billion in 2012.

For more information on general government revenue and expenditure, please consider reading the articles published in March and May 2013 .

Planned changes in the national accounts statisticsOpen and readClose

New revised figures for national accounts and related statistics will be published in November and December 2014. Statistics Norway complies with international guidelines in its preparation of national accounts and statistics on foreign affairs. New international guidelines have now been issued for these statistics. Statistics Norway is currently in the process of implementing the changes, in addition to new source data for some of the statistics.