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113838
Increased government surplus
statistikk
2013-09-04T10:00:00.000Z
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 2013

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Increased government surplus

The central government’s fiscal account, including the National Insurance Scheme (NIS), shows a surplus of NOK 109 billion in the second quarter of 2013.

Central government fiscal account including National Insurance Scheme. Quarter. NOK million.Published 4 September 2013
2nd quarter 20122nd quarter 2013Change in per cent
A. TOTAL REVENUE360 966375 1733.9
Operating surplus extraction of petroleum41 13533 782-17.9
Tax revenue231 388249 4727.8
Members' and employers' contribution to the National Insurance Scheme47 21250 0075.9
Interest and dividends28 39330 1396.1
Other revenue12 83811 773-8.3
 
B. TOTAL EXPENDITURE261 024266 6062.1
Operating costs35 08136 0622.8
Total fixed capital formation13 01414 64912.6
Total transfers212 929215 8951.4
 
C. SURPLUS BEFORE NET TRANSFERS TO THE GOVERNMENT PENSION FUND - GLOBAL99 942108 567

Source: Statistics Norway

Total government revenue has increased by 3.9 per cent from the second quarter of 2012, from NOK 361 to NOK 375 billion. NOK 331 billion of the total revenue was received as transfers. Tax revenue accounts for NOK 249 billion of the transfers and payments to the National Insurance Scheme account for NOK 50 billion. Interest and dividends also account for a large part of the transfers with a sum of NOK 30 billion. Besides transfers, the operating surplus on extraction of petroleum was the most important source of income with a total sum of NOK 34 billion. Sales revenue totalled NOK 5 billion in the second quarter of this year.

Total government expenditure was NOK 267 billion in the second quarter. This is 2.1 per cent more than in the second quarter of last year. Transfers also account for most of the expenditure with a sum of NOK 216 billion. NOK 92 billion of this was paid as pensions and benefits through the NIS, NOK 52 billion was transferred to municipalities and county authorities and NOK 12 billion was transferred to other state accounts. Interest expenditure accounts for NOK 12 billion of the transfers.

Governmental operating expenses account for NOK 36 billion of the total expenditure in the second quarter. NOK 18 billion was paid in wages and salaries and NOK 11 billion was spent on goods and services.

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