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21297
Increased government expenditure
statistikk
2009-06-09T10:00:00.000Z
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, Q1 2009

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Increased government expenditure

Total expenditure of central government fiscal account including national insurance scheme increased by NOK 39 billion compared to the first quarter of 2008, and amounts to NOK 221 billion. In the same period, total revenue increased by NOK 31 billion and amounts to NOK 231 billion.

The central government’s total expenditure increased by 21.5 per cent compared to the same period in 2008 and amounts to NOK 221.4 billion. Increased expenditure is due to a rise in transfers, including transfers to local government and other state accounts.

Total revenue of Central government amounts to NOK 231 billion; an increase of NOK 30.8 billion compared to the first quarter of 2008. The increased revenues are mainly due to tax revenues, which show a sharp rise of NOK 29.8 billion. Changes in the payments of petroleum taxes are the main cause of the increase in tax revenues. (See the box below.)

Increased revenues

Central government expenditure increased more than revenues, which reduced central government surplus before net transfers to the Government Pension Fund - Global by NOK 8.4 billion to NOK 9.5 billion.

The quarterly figures are subject to random variations and must be interpreted with caution.

Changes in the payments of petroleum taxes

The system for payments of petroleum taxes was changed with effect from the summer of 2008, from two yearly terms (1 April and 1 October) to six yearly terms (1 August, 1 October, 1 December in the income tax year, and 1 February, 1 April and 1 June in the following year).

This led to a major increase in the petroleum taxes in the first three months of 2009 compared to the same period in 2008.