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Public sector: General government
All content for subtopic general government
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- Statistics (7)
- Publications and articles (32)
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Declining surplus
General government surplus is estimated at NOK 36 billion in the first quarter of 2020. This is a reduction of more than 50 per cent compared to the same period in 2019. The decline can be attributed to reduced revenue from the petroleum sector.
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Significant asset gains increase government holdings
At the close of 2019 general government’s net financial assets totaled NOK 11 800 billion, an increase of NOK 1 850 billion since 2018.
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Is the tax system more redistributive now?
Reports 2019/30
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Pension wealth in Norway 2017
Reports 2019/28
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Constructing pension wealth in Norway
Reports 2019/29
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Pensions dominate – strongest growth in transport
Pensions and other social benefit programs are by far the chief expenditure item in general government. However, the strongest growth in government expenditure can be found in road and rail.
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Revision of government finance statistics
Revised data on general government revenue and expenditure is now available. The purpose and consequence is an extension of the scope of central and local government, and furthermore a reclassification of certain types of revenue and expenditure.
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Decline in government financial assets
General government net financial assets declined by approximately NOK 268 billion in 2018. The reduction is mainly explained by negative returns on the Government Pension Fund’s equity investments.
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Stronger revenue growth
General government revenue grew by about 9 per cent in 2018.
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Reform of occupational pensions in the Norwegian public sector
Reports 2018/33
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NOK 147 billion surplus
General government surplus over the last four quarters is estimated at NOK 147 billion, which is an increase of NOK 28 billion from the corresponding period last year.
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Excess of NOK 10 trillion in net assets
General government net financial assets are estimated at NOK 10.2 trillion in 2017. This constitutes an increase of almost 13 per cent compared to 2016.
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First rise in surplus since 2012
General government surplus is estimated at NOK 146 billion in 2017. This is the first time since 2012 that general government surplus grows from one year to the next.
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Public purchases exceeded NOK 500 billion
Public purchases of goods and services amounted to about NOK 500 billion in 2016. This is an increase of about NOK 23 billion compared to 2015. This is about 16 per cent of the GDP, and the highest in the last 5 years.
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Net assets increase by more than 1000 billion
By the close of the third quarter of 2017, general government net financial assets are estimated at NOK 9.6 trillion. This constitutes an increase of 12 per cent in the last four quarters.
Article