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21313
Increased expenditures in approved budget
statistikk
2008-01-25T10:00:00.000Z
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, 2008

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Increased expenditures in approved budget

In the approved central government budget for 2008, total expenditure and revenue amount to NOK 771 billion and NOK 1 037 billion respectively. Compared to the revised budget for 2007, this represents an increase in expenditure of 8.5 per cent, while revenue has increased by almost 1 per cent.

Pensions and benefits, mainly from the National Insurance Scheme, are the largest single expenditure item, amounting to NOK 257.8 billion. This is an increase of 4.3 per cent from NOK 247.1 billion in 2007. There is also an increase of 9.7 per cent in transfers to municipalities and county municipalities, which amount to NOK 112.8 billion, compared to NOK 102.9 billion in 2007.

The 2008 budget has a lower estimate for the central government operating surplus from extraction of petroleum than the 2007 budget. For 2008, the surplus is estimated to NOK 104.8 billion, compared to NOK 107.5 billion last year. This is a reduction of 2.5 per cent. The largest increase in revenue comes from employer contributions to the National Insurance Scheme, which rose from NOK 109.8 billion in 2007 to NOK 116.1 billion in 2008.

A larger increase in expenditure than in revenue has resulted in a lower budget surplus in 2008, which before net transfers to the Government Pension Fund - Global is estimated at NOK 265.4 billion, compared to NOK 316.9 billion in 2007.

Statistics Norway has updated the tables for central government revenue and expenditure by main items and expenditure by programme. The tables now contain the approved budget for 2008, the revised budget for 2007, and accounting figures for previous years.