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11152
Increase in government surplus
statistikk
2005-04-29T10:00:00.000Z
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.

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Increase in government surplus

General government net lending amounted to NOK 192.9 billion in 2004. This is an increase of 62.4 per cent compared with 2003, when it amounted to NOK 118.8 billion. Total expenditure increased from NOK 720.6 billion in 2003 to NOK 739.1 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 754.5 billion in 2004. In addition, transfers from the petroleum activity amounted to NOK 76.8 billion in 2004. This corresponds to a 22.8 per cent increase from NOK 62.5 billion in 2003.

General government expenditures classified by function (COFOG) show that social protection, health and education represent 40.9 per cent, 17.1 per cent and 13.9 percent of total expenditures respectively. The expenditures classified by function also show that social protection expenditures had the largest increase from 2003, and came to NOK 302.0 billion, an increase of 4.7 per cent.

Reduced local government deficit

In 2004, the local government deficit amounted to NOK 10.1 billion - an improvement of NOK 5.7 billion compared with 2003. The improvement in local government finances was the result of an increase in total revenues combined with a slight reduction in total expenditures. Fiscal accounts from the local government sector show a NOK 5.2 billion growth in total revenues compared with 2003. This was due to higher tax income and grants from central government. Total local government expenditure declined by NOK 0.5 billion compared with 2003, when expenditure totalled NOK 211.1 billion. The reduction was, among other things, related to the transfer of responsibility of the child welfare and family counselling services to central government.