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85061
Government surplus of NOK 67 billion
statistikk
2012-06-05T10:00:00.000Z
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 2012

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Government surplus of NOK 67 billion

The central government’s fiscal account, including the National Insurance Scheme, shows a surplus of NOK 67 billion in the first quarter of 2012.

The central government’s total revenue was NOK 325 billion in the first quarter of 2012. The main source of revenue was transfers, totalling NOK 272 billion. Tax revenue accounted for NOK 184 billion of this sum. Employer and member contributions to the National Insurance Scheme totalled NOK 48 billion and NOK 31 billion respectively. Except for the transfers, the largest income source was the operating surplus from extraction of petroleum with NOK 43 billion.

Total expenditure was NOK 258 billion in the first quarter of 2012. Transfers also account for most of the expenditure with a sum of NOK 215 billion. The largest part of the transfers was payments through the National Insurance Scheme with a sum of NOK 83 billion. Transfers to municipalities and county authorities totalled NOK 49 billion, and NOK 16 billion was transferred to other state accounts. In addition to the transfers, the central government had operating expenses of NOK 33 billion including wages and salaries of NOK 18 billion. Total gross capital formation accounted for NOK 10 billion in the first quarter this year.

Taxes, members and employers’ contributions to the National Insurance Scheme, and VAT collected by the Norwegian Tax Administration are, as of the third quarter in 2011, entered as income in the central government’s fiscal account in the same month as in the agency’s own accounting system. Previously, there was a one-month lag in the central government’s fiscal account. Because of this, the figures for the third quarter of 2011 are not directly comparable to figures for earlier quarters.

The quarterly figures are generally subject to random fluctuations, and must be interpreted with caution.