Norway - Government Expenditures





Norway: Government Expenditures

Mnemonic GVEXT.INOR
Unit Mil. NOK, NSA
Adjustments Not Seasonally Adjusted
Quarterly 0.39 %
Data 2022 Q2 430,879
2022 Q1 432,567

Series Information

Source Statistics Norway
Release Central government fiscal account
Frequency Quarterly
Start Date 3/31/1985
End Date 6/30/2022

Norway: Government

Reference Last Previous Units Frequency
Government Budget Balance 2022 Q2 202,811 94,984 Mil. NOK, NSA Quarterly
Government Expenditures 2022 Q2 430,879 432,567 Mil. NOK, NSA Quarterly
Government Revenues 2022 Q2 633,690 527,551 Mil. NOK, NSA Quarterly
Outstanding Public Debt 2022 Q2 708,589 797,324 Mil. NOK, NSA Quarterly
Gross External Debt 2022 Q1 0 0 USD, NSA Quarterly

Release Information

For Norway, the central government’s fiscal account consists of its total revenue and expenditure. Tax revenues, contributions to the National Insurance Scheme and petroleum-related revenues make up total revenue. Transfers, fixed capital formation and operating costs are the main components of expenditure.

  • Framework: GFSM 2014
  • Measurement: Millions of Norwegian crowns (Mil. NOK)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start date: Uniformly 1985Q1

Data is reported for all administractive bodies that report to the central government's fiscal account. Public corporations are not included, non-corporate state enterprises and state lending institutions are partially included (mostly on a net basis).

Data is checked by ensuring the accounts balance is correct, for example expenditures should equal the sum of revenues and net financial transactions.

Source concepts and definitions

Total revenue: Total gross revenue before transfers to the Government Pension Fund - Global.

Total expenditure: Total gross expenditure before transfers to the Government Pension Fund - Global.

Surplus before net transfers to the Government Pension Fund - Global: Total revenue minus total expenditure.

Surplus before financial transactions: Surplus after net transfers to the Government Pension Fund - Global.

Gross financing including debt instalments: Deficit before financial transactions plus lending minus repayments and debt instalments.

Financing: How the deficit (or surplus) before net transfers to the Government Pension Fund - Global is financed, distributed by main groups of financial instruments.

Type: Revenue and expenditure are classified according to whether the transaction is related to operation or investments, whether services are offered in return or not, and what kind of economic function the individual transaction has.

Programme category: The main purpose of an individual expenditure item is used to classify expenditure.

Moody's Analytics supplements

For the headline items (balance, revenue, expenditure), we construct seasonally adjusted supplements.

Further reading

At IMF (SDDS):