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/en/offentlig-sektor/statistikker/statsregn/arkiv
85063
Government surplus of NOK 100 billion
statistikk
2012-08-30T10:00:00.000Z
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
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Central government revenue and expenditure, Q2 2012

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Government surplus of NOK 100 billion

The central government’s fiscal account, including the National Insurance Scheme, shows total revenue of NOK 361 billion and total expenditure of NOK 261 billion.

The central government’s surplus was NOK 100 billion in the second quarter of this year. Transfers account for most of the total revenue with a sum of NOK 308 billion, including tax revenue of NOK 231 billion. Besides transfers, the most important source of revenue was the operating surplus from extraction of petroleum, totalling NOK 41 billion in the second quarter.

Total expenditure for the second quarter was NOK 261 billion. Transfers also account for most of the expenditure with a sum of NOK 213 billion. Pensions and benefits through the National Insurance Scheme are the most significant transfers and total NOK 87 billion in the second quarter. In addition to the transfers, the government had operating expenses of NOK 35 billion. NOK 18 billion of this sum was paid in wages and salaries. Total gross capital formation account for NOK 13 billion of the total expenses in the second quarter.

As of the third quarter in 2011, taxes, members and employers’ contributions to the National Insurance Scheme, and VAT collected by the Norwegian Tax Administration will be 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.