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273244
Upward revision of tax revenues
statistikk
2016-09-14T10:00:00.000Z
Public sector;Public sector
en
offinnut, General government revenue and expenditure, central government, local government, taxes, duties, national insurance contributions, pension premiums, revenue by type (for example fines, fees, tolls), expenditure by type (for example disability pension, child benefit, subsidies), expenditure by function (for example health care, environmental protection, culture), public deficit, municipal accounts, municipal economy, municipal finances, net financial investments.Local government finances , General government , Central government finances , Public sector
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Government revenue and expenditure. Taxes, petroleum revenue, social benefits, public road and railway investments. Government revenue from the petroleum sector declined sharply in 2015.

General government revenue and expenditure, 2015

Variants of the statistics:

The statistics describe government revenue and expenditure. Together with financial assets and liabilities, they give a comprehensive overview of the sector’s finances.

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Upward revision of tax revenues

General government surplus for 2015 is now estimated at NOK 201 billion, up NOK 15 billion from the previous estimate.

General government. Revenue, expenditure and net lending/borrowing. Accrued values. NOK millionPublished 14 September 2016
20112012201320142015
General government revenue1 580 5951 664 6771 662 5781 693 3511 698 382
General government expenditure1 205 1221 254 1271 331 2461 418 0711 497 540
Net lending/borrowing (-)375 474410 551331 332275 280200 842
 
Central government net lending/borrowing394 979427 676354 512298 453214 100
Local government net lending/borrowing-19 505-17 126-23 180-23 173-13 259

Source: Statistics Norway

The statistics have been updated based on new accounting information and tax estimates. Ordinary income tax has been significantly revised upwards due to a doubling of household dividends from 2014 to 2015. The increased dividends result in higher tax revenues in both central and local government. Despite this upward revision of taxes, the 2015 surplus is still significantly lower than in the preceding years, owing to the substantial fall in petroleum revenues combined with a steady growth in government expenditure.

For more comprehensive information on last year’s development, please refer to the February 2016 publication.