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21309
Growth in government revenue
statistikk
2008-06-06T10:00:00.000Z
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
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Central government revenue and expenditure, Q1 2008

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Growth in government revenue

Considerable growth in revenue and moderate growth in expenditure resulted in a surplus of NOK 17.9 billion in the central government fiscal account in the first quarter of 2008. The surplus was mainly due to higher tax revenue and a good operating result from the extraction of petroleum.

The central government fiscal account including the National Insurance Scheme had total revenue of NOK 200 billion and total expenditure of NOK 182 billion in the first quarter of 2008. This corresponds to a growth of 15.6 per cent and 1.9 per cent respectively compared with the first quarter of 2007.

The large increase in revenue compared with expenditure resulted in a surplus of NOK 17.9 billion, compared with a deficit of NOK 5.8 billion in the same period last year. The growth in revenue was mainly due to higher tax revenue and higher operating surplus from the extraction of petroleum. Tax revenue increased by 15.3 per cent to NOK 109.7 billion and the operating surplus increased by 32.9 per cent to NOK 37.8 billion.

Net transfers to the Government Pension Fund - Global amounted to NOK 64.3 billion, a decrease of NOK 5.6 billion or 8 per cent compared with the first quarter of 2007. Net lending amounted to NOK 12.1 billion, while the corresponding figure in the same period in 2007 was NOK 22.9 billion. This results in gross financing, including debt instalments, of NOK 58.6 billion.

The quarterly figures are subject to random variations and must be interpreted with caution.