231244_not-searchable
/en/offentlig-sektor/statistikker/offogjeld/aar
231244
Financial assets adjusted downwards
statistikk
2015-11-26T10:00:00.000Z
Public sector;Public sector
en
offogjeld, General government, financial assets and liabilities, central government, local government, stock, transactions, assets by type (for example bonds, shares, lending), net assets, liabilities by type (for example commercial papers, bonds, loans)Local government finances , General government , Central government finances , Public sector
false
This statistics comprise financial assets and liabilities for general government and its sub-sectors and government gross debt for Norway.

General government, financial assets and liabilities, 2014

Variants of the statistics:

Content

Published:

This is an archived release.

Go to latest release

Financial assets adjusted downwards

General government net financial wealth has been adjusted downwards for both 2013 and 2014 compared to previously published data.

General Government. Financial assets and liabilitiesPublished 26 November 2015
20132014
Stocks per 31.DecTransactionsOther changeStocks per 31.Dec
Assets
Currency and Deposits191 31535 652751227 718
Bonds1 943 88378 746392 6162 415 245
Loans683 365-57 52513 135638 975
Shares and other equity4 161 438159 151699 3625 019 951
Insurance technical reserves52 427-1 71211 72362 438
Other accounts receivable299 0455 461-5 533298 973
TOTAL ASSETS7 331 473219 7731 112 0548 663 300
 
Liabilities
Bonds502 551-3189 097511 330
Loans428 150-62 1023 907369 955
Oher accounts payable142 3207 5020149 822
TOTAL LIABILITIES1 073 021-54 91813 0041 031 107
 
Net financial assets6 258 4527 632 193
Net lending274 691
Net revaluations1 099 050

Source: Statistics Norway

Compared to figures published in June, the general government net financial wealth is reduced by approximately NOK 10 billion in 2013. The downward adjustment is due to new estimates on accrued taxes in 2013.

The new estimates also show that net financial wealth for 2014 is reduced by NOK 8 billion compared to previously published data. There are several reasons for this adjustment, but the main explanation is that Statistics Norway has implemented new data sources from the central government in the statistics. This has led to new estimates of general government capital injections and short-term assets.

The new estimates show that net financial wealth amounts to NOK 6 258 billion in 2013 and NOK 7 632 billion in 2014.

For a more detailed description of general government assets and liabilities, see the previous article.

Liabilities connected to the Government Pension Fund GlobalOpen and readClose

Liabilities connected to the Government Pension Fund Global Repurchase agreements and re-sale agreements in securities are frequently used instruments in the administration of the Government Pension Fund Global. The fund sells a portfolio of securities accompanied by a repurchase agreement. However, in the accounts, the portfolio remains on the asset side of the fund’s balance sheet, as does the cash received for the sale. The corresponding sales value is then entered as a loan from the buyer on the liability side of the balance sheet. The reverse situation is called a re-sale agreement or a reversed repo.