Central government revenue and expenditure, Q3 2010

Total revenue in the third quarter of 2010 amounts to NOK 185.6 billion, which is an increase of 5.4 per cent from the corresponding period in 2009. Increased revenue from taxes by NOK 14 billion contributes to the rise in revenue. Lower revenue from interest and dividends, reduced from NOK 12 billion in 2009 to NOK 6 billion in 2010, counters the increased revenue.

Compared to the third quarter of 2009, total expenditure increased by 3.2 per cent to NOK 205.8 billion. Increased transfers to municipalities and county authorities of NOK 4.8 billion and increased transfers from the National Insurance Scheme of NOK 3.7 billion contribute to the rise in expenditure. Lower investments measured by gross fixed capital formations counter the increased expenditure to some extent.

The deficit measured by surplus before net transfers to the government pension fund - Global was NOK 20.3 billion; a NOK 3 billion improvement from the third quarter of 2009.

Central government fiscal account 1st-3rd quarter

For the period 1st-3rd quarter 2010 accrued, the central government fiscal account showed a slight decline in revenue of 0.6 per cent to NOK 751 billion. The expenditure increased by 2.3 per cent in the same period and amounted to NOK 662 billion. Lower revenue from interests and dividends is the main reason for reduced revenue, and the reduction is most strongly marked in the third quarter.

In the revenue side, the accrued figures for the 1st-3rd quarter 2010 show the same tendency as the third quarter isolated; lower investments counter the rise in expenditure, while increased transfers to municipalities and county authorities and transfers from the National Insurance Scheme contribute to increased expenditure.

In the period 1st-3rd quarter 2010 the surplus before net transfers to the government pension fund - Global constitutes NOK 88.7 billion. This is 18 per cent lower than for the corresponding period in 2009.