Norway - Government Budget Balance

Norway: Government Budget Balance

Unit Mil. NOK, NSA
Adjustments Not Seasonally Adjusted
Quarterly 48.96 %
Data 2020 Q3 -58,321
2020 Q2 -114,258

Series Information

Source Statistics Norway
Release Central government fiscal account
Frequency Quarterly
Start Date 3/31/1985
End Date 9/30/2020

Norway: Government

Reference Last Previous Units Frequency
Government Budget Balance 2020 Q3 -58,321 -114,258 Mil. NOK, NSA Quarterly
Government Expenditures 2020 Q3 360,854 412,222 Mil. NOK, NSA Quarterly
Government Revenues 2020 Q3 302,533 297,964 Mil. NOK, NSA Quarterly
Outstanding Public Debt 2020 Q3 743,263 634,724 Mil. NOK, NSA Quarterly
Gross External Debt 2020 Q2 0 0 USD, NSA Quarterly

Release Information

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.

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.

Data is subject to revision.

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