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/en/offentlig-sektor/statistikker/offinnut/arkiv
11154
Increase in government surplus
statistikk
2005-03-10T10:00:00.000Z
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
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General government revenue and expenditure, 2004

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

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Increase in government surplus

General government net lending amounted to NOK 193.1 billion in 2004. This is an increase of 61.2 per cent compared with 2003, when it amounted to NOK 119.1 billion. Total expenditure increased from NOK 719.0 billion in 2003 to NOK 737.1 billion in 2004.

The increase in the government surplus is largely due to a growth in taxes and transfers from the government's petroleum activity (SDØE). Total tax revenues rose from NOK 676.5 billion in 2003 to NOK 754.3 billion in 2004. In 2004, transfers from the petroleum activity amounted to NOK 76.9 billion. This corresponds to a 23 per cent increase from NOK 62.5 billion in 2003.

Reduced local government deficit

In 2004, the local government deficit amounted to NOK 11.6 billion - an improvement of NOK 4.3 billion compared with 2003. The improvement in local government finance is a result of an increase in total revenues combined with a modest growth in expenditures. Preliminary fiscal accounts from the local government sector show a NOK 5.5 billion growth in total revenues compared with 2003. Total local government expenditure shows a modest growth of 0.4 per cent compared with 2003, when expenditure totalled NOK 211.2 billion. The modest increase in total expenditure is, among other things, related to the transfer of responsibility of the child welfare and family counselling services to central government. This contributes to lower consumption and a reduction in transfers to the private sector.

A new release of General government fiscal account 2004, including expenditure by function (COFOG), will be available on 29 April 2005.