279001_not-searchable
/en/offentlig-sektor/statistikker/offinnut/kvartal
279001
Expenditures exceed 50 per cent of GDP
statistikk
2016-12-08T08:00:00.000Z
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
false

General government revenue and expenditure, Q3 2016

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Expenditures exceed 50 per cent of GDP

The general government’s total expenditure in the last four quarters is estimated at around NOK 1 550 billion, which amounts to 50.1 per cent of GDP in the same period. This is the first time in 20 years that general government expenditures exceed half of GDP.

General government revenue and expenditure. NOK billionPublished 8 December 2016
3rd quarter 20153rd quarter 2016ChangeChange in per cent
Last quarter
Total revenue416398-17-4.2
Total expenditure374391174.5
Surplus428-34.
Last four quarters
Total revenue1 7001 680-20-1.2
Total expenditure1 4761 549734.9
Surplus224131-92.

Source: Statistics Norway

The increase in general government spending’s share of GDP is explained by a slight decline in GDP in the last few years, as well as by an increase in public expenditure, measured in current prices. Increases in expenditures relating to investments in particular, including road and rail infrastructure, have contributed to this growth. Comparing the expenditures against GDP Mainland Norway, in which petroleum and natural gas extraction is not included, shows a more moderate increase. This comparison shows that total expenditure makes up 57.7 per cent in the third quarter of 2016, which is 1.8 percentage points higher than two years ago.

For more information on GDP, see the national accounts.