193302_not-searchable
/en/offentlig-sektor/statistikker/offinnut/aar
193302
Reduced surplus in general government
statistikk
2014-11-28T10:00:00.000Z
Public sector;Public sector
en
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
false

General government revenue and expenditure, 2013

Variants of the statistics:

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

Content

Published:

This is an archived release.

Go to latest release

Reduced surplus in general government

The general government surplus is estimated at NOK 348 billion in 2013. This is a decline of more than NOK 60 billion compared to the previous year.

General government. Revenue, expenditure and net lending/borrowing. Accrued values. NOK millionPublished 28 January 2015
20092010201120122013
General government revenue1 354 1271 433 2831 580 5951 664 6771 679 327
General government expenditure1 102 9271 148 1341 205 1221 254 1271 331 657
Net lending/borrowing (-)251 200285 149375 474410 551347 670
 
Central government net lending/borrowing274 519307 581394 979427 676371 209
Local government net lending/borrowing-23 320-22 432-19 505-17 126-23 539

Source: Statistics Norway

The decline in the general government surplus is mainly due to a reduction in government revenues from petroleum extraction. In 2013, the petroleum-related revenues amounted to NOK 348 billion, which is approximately NOK 50 billion less than in 2012. The decline is explained by reduced production and prices of oil and gas compared to the 2012 levels. Excluding the petroleum-related revenues, there was an increase of NOK 64 billion in the general government’s revenues from 2012 to 2013. Increased tax payments in mainland Norway as well as interests and dividends in the Government Pension Fund Global were contributing factors to the increase.

Increased social benefits and health expenditure

General government expenditure is estimated at NOK 1 332 billion in 2013, which is NOK 78 billion more than in 2012. Social benefits to households were the largest expenditure group in general government, totalling NOK 467 billion in 2013. This accounts for approximately one third of total expenditure. The social benefits include pensions and other payments through the National Insurance Scheme, child benefits, cash benefits for parents, education benefits, municipal social assistance benefits and housing allowances.

General government spent NOK 224 billion on health in 2013, which accounts for about 17 per cent of total expenditure. The share of total expenditure spent on health care has remained the same in the last decade. Health expenditure includes management of state-owned hospitals and municipal institutions for the elderly and the disabled.

Public investments reaching NOK 130 billion

The general government’s investments in fixed assets totalled NOK 131 billion in 2013. Investments in roads and railways accounted for NOK 38 billion of the total, while NOK 20 billion was spent on investments in research and development. Investments in health, education and military defence accounted for more than NOK 10 billion each. The central government made investments for NOK 75 billion, or 57 per cent of the total, while the remaining investments were made by the local government.

Revised revenue and expenditureOpen and readClose

In line with other countries, Norway adheres to the international guidelines on government finance statistics. These guidelines have recently been updated and Statistics Norway released revised figures for the period 1995-2013. The most important changes are that research and development services (R&D) and major military procurements will now be recognised as investments and not as ongoing operating expenses. In addition, the general government sector has been expanded by approximately 100 units. Most of these are cultural institutions such as museums and theatres.