The economy
In the Government, it is the Minister of Finance’s responsibility to draw up and coordinate economic policy. The Ministry of Finance acts as the secretariat for the Minister of Finance. It is the political authorities – the Government and the Storting – that make the decisions.
The Norwegian Fiscal Policy Framework
The Government Pension Fund Global and the fiscal rule have since 2001 set out the plan for the phasing-in of petroleum income and investment returns to the Norwegian economy. The Government Pension Fund Act stipulates that the State’s net cash flow from the petroleum industry shall in its entirety be transferred to the Government Pension Fund Global, and that resources in the Fund can only be transferred to the budget pursuant to a decision by Parliament.
General tax conventions between Norway and other states
General tax conventions for the avoidance of double taxation and the prevention of fiscal evasion,and other international agreements regarding tax matters.
The National Budget 2025
Information about Norway's National Budget for 2025, presented to the Storting as Report no. 1 (2024-2025) on 7 October 2024.
Meld. St. 22 (2023–2024)
The Government Pension Fund 2024
Latest on the economy
What's new
- Revised National Budget: “Norway Price” for Electricity and District Heating Press release 21/05/2025
- The Revised National Budget: High production generates large revenues from the petroleum industry Press release 19/05/2025
- Revised National Budget: Government announces changes to the ALIS subsidy News story 15/05/2025
- Revised National Budget: NOK 32 million proposed for online doctor trial News story 15/05/2025
- Revised national budget 2025: Stable governance in uncertain times Press release 15/05/2025
Documents
- Response to the UN Special Rapporteur on the situation of human rights in the Palestinian Territory Letter 30/05/2025
- Meld. St. 22 (2024–2025) - The Government Pension Fund 2025 Report to the Storting 10/04/2025
- Meld. St. 1 (2024–2025) - The National Budget 2025 Report to the Storting 07/10/2024
- Prop. 1 LS (2024–2025) - Taxes 2025 For the 2025 Budget Year Proposition 07/10/2024
- Meld. St. 31 (2023–2024) - Long-term Perspectives on the Norwegian Economy 2024 Report to the Storting 09/08/2024
Related topics
Contact
Ministry of Finance
E-mail: postmottak@fin.dep.no
Phone:
(+47) 22 24 90 90
Address:
Postboks 8008 Dep, 0030 Oslo
Visitor address:
Akersgata 40, 0180 Oslo
Economic Policy Department
E-mail: postmottak@fin.dep.no
Phone:
+47 22 24 90 90
Address:
Postboks 8008 Dep, 0030 Oslo
Visitor address:
Akersgata 40, 0030 Oslo