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21391
High oil price yields significant surplus
statistikk
2001-08-27T10:00:00.000Z
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, Q2 2001

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High oil price yields significant surplus

In the second quarter of 2001, the central government fiscal account including the National Insurance Scheme, shows an increase in total revenues of approximately 93 billion kroner. At the same period the government revenues were 273 billion, compared with 180 billion the second quarter of 2000.

The fiscal account surplus was basically driven by the high oil price. Both the operating profits from the states own petroleum activities and the Government tax revenue is largely influenced by the price of oil. The significant increase in Government revenues combined with a moderate increase in Government expenditure, almost three doubled the fiscal account surplus second quarter 2001 compared to the same quarter 2000.