21403_not-searchable
/en/offentlig-sektor/statistikker/statsregn/arkiv
21403
High oilprice yields significant surplus
statistikk
2000-08-22T10:00:00.000Z
Public sector
en
statsregn, Central government revenue and expenditure, duties (for example duties on documents, inheritance tax, VAT), taxes (for example income tax, capital tax, tax to the central government), national budget, financing needs, central government's deficit and surplus, transfers to municipalities and county authorities, revenue from petroleumCentral government finances , Public sector
false

Central government revenue and expenditure, Q2 2000

Content

Published:

This is an archived release.

Go to latest release

High oilprice yields significant surplus

Second quarter 2000 the Central government fiscal account including the National Insurance Scheme had a surplus of NOK 59 billion before net allocations to the Government Petroleum Fund. This is an improvement of about 100 per cent, compared to the second quarter 1999, when the fiscal accounts showed a surplus of NOK 30 billion.

The fiscal account surplus was basically driven by the high oilprice in the second quarter 2000. Both the operating profits from the states own petroleum activities and the Government tax revenue is largely influenced by the price of oil the second quarter 2000. The significant increase in Government revenues combined with a moderate increase in Government expenditure, almost doubled the fiscal account surplus second quarter 2000 compared to the same quarter 1999.