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21365
Increase in government expenditure
statistikk
2003-10-24T10:00:00.000Z
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
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Central government revenue and expenditure, 2004

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Increase in government expenditure

In the Central government budget proposal for 2004 total expenditure amounts to NOK 621 billion. This is an increase of NOK 41 billion compared with the approved budget for 2003.

The increase in government expenditures is partly due to increased payments from the National Insurance Scheme. In the budget proposal for 2004 contributions from the National insurance scheme are estimated to NOK 228 billion. This corresponds to a 5.7 per cent increase compared with the previous years approved budget.

Budgeted revenues amount to NOK 696 billion, a modest decline of NOK 21 billion, compared with the approved budget 2003. The Governments proposed fiscal budget for 2004 has a surplus of NOK 76 billion before net transfers to the government petroleum fund. The corresponding figure for the budget approved for 2003 was NOK 138 billion.

Statistics Norway has updated the tables for central government revenue and expenditure by main item and expenditure by program. The tables now show the Central government budget proposal for 2004, the approved budget for 2003, and accounting figures for previous years.