Updated figures from General government revenue and expenditure show a large increase in revenue, while the expenditure has a moderate increase. This contributes to a substantial surplus in general government.

 

Figure 1. Net lending/borrowing in NOK billion

Increased petroleum revenue

The increased revenues so far in 2022 are mainly due to an increase in petroleum revenue. Petroleum tax revenues are now at an all-time high, in large parts due to high gas prices. Dividends and withdrawals from petroleum companies owned by the state are also rising, contributing to the increase in surplus.

Annual figures for 2020 and 2021 have been revised in this publication.