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21305
Large increase in budgeted government revenue
statistikk
2008-10-23T10:00:00.000Z
Public sector
en
statsregn, Central government revenue and expenditure, duties (for example duties on documents, inheritance tax, VAT), taxes (for example income tax, capital tax, tax to the central government), national budget, financing needs, central government's deficit and surplus, transfers to municipalities and county authorities, revenue from petroleumCentral government finances , Public sector
false

Central government revenue and expenditure, 2009

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Large increase in budgeted government revenue

The central government budget proposal for 2009 includes revenues totalling NOK 1 206 billion and expenditures totalling NOK 848 billion. Compared to the approved budget for 2008, this constitutes an increase in revenue and expenditure of 16.4 per cent and 9.9 per cent respectively.

The rather large increase in central government revenues indicates an estimated surplus of NOK 358 billion before net transfers to the Government Pension Fund - Global. This corresponds to an increase of 35 per cent compared to the 2008 budget. The estimated growth in income is mainly due to an increase in tax revenue of NOK 102.7 billion or 16 per cent. The operating surplus from the extraction of petroleum is estimated to increase by NOK 33.6 billion or 32 per cent compared to the budget for 2008.

The growth in total expenditure is the result of an overall increase in government expenditure. However, the growth is particularly high with regard to transfers to municipalities and county municipalities and also in transfers to the National insurance scheme.

Statistics Norway has updated the table for central government revenue and expenditure by type. The table now contains the central government budget proposal for 2009, the approved budget for 2008, and accounting figures for previous years.