Norway - Government Expenditures
Norway: Government Expenditures
| Mnemonic | GVEXT.INOR | |
|---|---|---|
| Unit | Mil. NOK, NSA | |
| Adjustments | Not Seasonally Adjusted | |
| Quarterly | 17.79 % | |
| Data | 2024 Q4 | 520,994 |
| 2024 Q3 | 442,298 | |
Series Information
| Source | Statistics Norway |
| Release | Central government fiscal account |
| Frequency | Quarterly |
| Start Date | 3/31/1985 |
| End Date | 12/31/2024 |
Norway: Government
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| Gross External Debt | 2025 Q4 | 0 | 0 | USD, NSA | Quarterly |
| Outstanding Public Debt | 2025 Q4 | 737,487 | 844,207 | Mil. NOK, NSA | Quarterly |
| Government Budget Balance | 2024 Q4 | 64,072 | 68,435 | Mil. NOK, NSA | Quarterly |
| Government Expenditures | 2024 Q4 | 520,994 | 442,298 | Mil. NOK, NSA | Quarterly |
| Government Revenues | 2024 Q4 | 585,066 | 510,733 | Mil. NOK, 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.