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/en/offentlig-sektor/statistikker/statsregn/arkiv
21405
Surge in oil revenues
statistikk
2000-06-06T10:00:00.000Z
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, Q1 2000

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Surge in oil revenues

In first quarter 2000, the Central government fiscal account including the National Insurance Scheme had a surplus of NOK 5.2 billion before net allocations to the Government Petroleum Fund. This is an improvement of about NOK 33 billion compared tofirst quarter 1999, when the fiscal accounts showed a deficit of NOK 28 billion.

The increase in the fiscal accounts surplus is basically attributed to the surge in overall revenues, which was largely driven by the high price of oil in the first quarter. The operating profit from the state´s own petroleum activities increased from NOK 2.8 billion in first quarter 1999 to more than NOK 22 billion in first quarter 2000. In addition to oil revenues, transfers from the central bank also increased considerably from the same quarter in 1999. Transfers from Norges Bank were NOK 10.7 billion in first quarter 2000.