11120_not-searchable
/en/offentlig-sektor/statistikker/offinnut/arkiv
11120
Decreased surplus for general government
statistikk
2010-03-25T10:00:00.000Z
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, 2009

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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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Decreased surplus for general government

Preliminary figures for general government show a surplus of NOK 233 billion in 2009; a decrease of NOK 252 billion from 2008. A large part of the reduction is due to reduced petroleum revenues.

The total income of general government amounted to NOK 1 332 billion. This is a decrease of about NOK 172 billion, or 11 per cent, from 2008. The total expenditure had an increase of NOK 80 billion to NOK 1 099 billion, and the surplus is reduced to NOK 233 billion.

Lower revenues from petroleum activities

Central government revenue is strongly influenced by income related to petroleum activities. This is mainly made up of withdrawals from SDFI and taxes on activities related to the extraction of petroleum. From 2008 to 2009 there was a reduction in petroleum revenue from NOK 412 billion to NOK 251 billion. Read more about petroleum revenue here .

Large deficit in local government

Local government revenue had a larger increase than expenditures from 2008 to 2009, but there was still a significant deficit of NOK 23 billion. Tax income grew with a rate of almost 11 per cent, and grants from central government had an increase of 16 per cent. The latter was influenced by grants designed to reduce the negative impacts of the financial crisis.

Total expenditure increased by almost NOK 23 billion, or around 7 per cent, compared to 2008. This was the lowest growth rate since 2005. The most significant expenditure type for local government is compensation of employees, which constitutes more than 50 per cent of total expenditure. The increase from 2008 to 2009 was around 8 per cent, which is lower than recent years.

Expenditure by function

Central government expenditure by function shows an increase of 13 per cent in expenditure related to economic affairs, and transport investments counts for a large portion of this increase. Social protection holds the largest portion - around one third - of government expenditure. This category contains expenditures related to sickness and disability, old age and family and children. The growth rate in 2009 was 9 per cent, or NOK 36 billion.

The two largest functions for local government are education and social protection. Both amount to almost NOK 100 billion, and grew by a rate between 9 and 10 per cent.

A change in the treatment of gains and losses from fluctuations of securities valuation in local government

In 2009, the local government interest expenses were reduced by NOK 5 billion, from NOK 16 billion in 2008. Through the fall of the prices of assets, this amount was influenced by the instability of the financial markets, because the loss was classified among the interest costs. The following year saw asset prices rise again, but in the meantime book-keeping rules have been altered. Gains and losses are now classified as a net revaluation in the financial assets and liabilities statistics. Correcting for this break would have improved local government net lending by about NOK 1.5 billion in 2009.

 

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