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21361
Strong decline in government surplus
statistikk
2004-01-30T10:00:00.000Z
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, 2004

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Strong decline in government surplus

The surplus before net transfers to the government petroleum fund is estimated to NOK 76 billion in the approved budget for 2004. This is a decrease of NOK 76 billion, or 45.1 per cent, compared with the approved budget for 2003.

The surplus decline is the result of increased government expenditures and decreased government revenues.

Total expenditures are estimated to NOK 622 billion in the approved budget for 2004. This corresponds to an increase of NOK 43 billion compared with the budget for 2003. The increase in government expenditures is partly due to increased transfers, including payments from the National Insurance Scheme. In the approved budget for 2004 contributions from the National insurance scheme are estimated to NOK 228 billion. This corresponds to an increase of NOK 13 billion compared with the previous years budget.

Budgeted revenues amount to NOK 698 billion, a modest decline of NOK 19 billion compared with the approved budget 2003.

Statistics Norway has updated the tables for central government revenue and expenditure by main item and expenditure by program. The new tables show the Central government approved budget for 2003 and 2004, and accounting figures for previous years.