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220313
Reduced central government surplus
statistikk
2015-05-19T10:00:00.000Z
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
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Central government revenue and expenditure, 2014

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Reduced central government surplus

The central government’s fiscal account for 2014 shows a surplus of NOK 152 billion. This is NOK 77 billion less than in 2013.

Central government fiscal account including National Insurance Scheme. Revenue and expenditure. Annual figures. NOK Million.Published 19 May 2015
AccountBudget
20122013201420142015
A. TOTAL REVENUE1 290 7351 291 8191 278 7581 293 0281 331 515
Sales revenue22 48123 66323 65218 48118 445
Operating surplus extraction of petroleum148 446131 604121 447115 500121 000
Depreciation etc. extraction of petroleum19 50220 26121 83822 80026 700
Depreciation etc. other central government enterprises1 9921 9432 3111 8022 031
Other revenue from fixed capital formation524582537335291
Total transfers1 097 7901 113 7661 108 9731 134 1101 163 048
 
B. TOTAL EXPENDITURE996 1441 063 1211 127 0961 116 3991 201 784
Operating costs144 030150 437156 948160 281170 455
Total fixed capital formation52 88469 11177 53671 96883 786
Total transfers799 230843 573892 612884 150947 543
 
C. SURPLUS BEFORE NET TRANSFERS TO THE GOVERNMENT PENSION FUND - GLOBAL294 591228 698151 662176 629129 731

Source: Statistics Norway

The central government’s total revenue was NOK 1 279 billion in 2014. This is a decrease of NOK 13 billion from 2013. Reduced oil revenue accounts for most of this decrease. Total tax revenue has decreased by NOK 26 billion, mainly due to low payments on petroleum taxes. The government’s operating surplus from extraction of petroleum has also decreased by NOK 10 billion from 2013. Income from interest and dividends has increased by NOK 6 billion and contributions to the National Insurance Scheme have increased by a total of NOK 15 billion in the same period.

The central government’s total expenditure was NOK 1 127 billion in 2014. This is an increase of NOK 64 billion from the previous year. Transfers account for most of this sum with a total of NOK 893 billion. This is NOK 49 billion more than in 2013.

The central government’s operating expenses was NOK 157 billion in 2014. This is NOK 7 billion, or 4.3 per cent more than in 2013.