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11166
Slight decrease in government surplus
statistikk
2002-05-03T10:00:00.000Z
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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General government revenue and expenditure, 1995-2001

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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Slight decrease in government surplus

In 2001 the general government net financial surplus amounted to NOK 212 billion. This is a decrease of NOK 3 billion, or 1.4 per cent, in net financial surplus compared with 2000 when government surplus amounted to NOK 215 billion.

The net financial surplus corresponds to 14.4 per cent of the gross domestic product. The surplus concept used is consistent with the Maastericht criteria for public finances.

General governments net lending/borrowing. Per cent of GDP. 1995-2001

The explanation of the decline is that net transfers from central government enterprises fell from NOK 95.6 billion in 2000 to NOK 76 billion in 2001, due to organisational restructuring of the government petroleum activities.

More petroleum taxes

Along with the operating surplus from the government petroleum enterprise the central government receives tax revenue from a number of petroleum companies operating on the Norwegian continental shelf. A strong dollar and continual high price of oil generated significant tax revenue to the central government. Recorded taxes from extraction of petroleum amounted to NOK 105.8 billion in 2001. This corresponds to a 93 per cent increase from 2000 when petroleum taxes were NOK 55 billion.

Increased deficit in local government

Preliminary figures from the local government show a NOK 6.9 billion deficit before financial transactions. The local government deficit is increased by 25 per cent since 2000 when local government net borrowing amounted to NOK 5.5 billion. The considerable deficit is largely influenced by the change in ownership of public hospitals from county municipalities to central government that was initiated 1. January 2002.

General government, key figures income and expenditures.
2000-2001
  Billion kroner Percentage change
        2000      2001
1. Total revenue 801,9    829,3 3,4
1.1 Property income 60,9 76,0 24,8
1.2 Taxes 624,0 657,1 5,3
1.3 Other current transfers 111,4 90,5 -18,8
1.4 Other income 5,6 5,7 1,8
       
2. Total outlays 587,0 617,5 5,2
2.1 Property expenditure 31,7 28,1 -11,4
2.2 Transfers to the private sector 247,2 262,2 6,1
2.3 Other current transfers 10,2 13,2 29,4
2.4 Final consumption expenditure 269,6 294,2 9,1
2.5 Capital expenditure 28,3 19,8 -30,0
       
3. Net lending/borrowing 214,9 211,8 -1,4