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159171
Increase in government surplus
statistikk
2014-06-05T10:00:00.000Z
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 2014

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Increase in government surplus

The central government’s fiscal account, including the National Insurance Scheme, shows revenue of NOK 336 billion and expenditure of NOK 278 billion in the first quarter of 2014. This gives an increase in the surplus before net transfers to the Government pension fund Global.

Central government fiscal account including National Insurance Scheme. Quarter. NOK million.Published 5 June 2014
1st quarter 20131st quarter 2014Change in per cent
A. TOTAL REVENUE325 174336 0433.3
Operating surplus extraction of petroleum36 70840 37910.0
Tax revenue186 170188 3131.2
Members' and employers' contribution to the National Insurance Scheme84 87688 5494.3
Interest and dividends4 1155 34529.9
Other revenue13 30513 4571.1
 
B. TOTAL EXPENDITURE271 435276 9592.0
Operating costs34 69332 880-5.2
Total fixed capital formation12 03415 24626.7
Total transfers224 708228 8331.8
 
C. SURPLUS BEFORE NET TRANSFERS TO THE GOVERNMENT PENSION FUND - GLOBAL53 73959 084

Source: Statistics Norway

Since the first quarter of 2013, revenue has increased by almost NOK 11 billion, or 3.3 per cent. The main part of central government revenue, NOK 286 billion, consists of transfers. Taxes and contributions to the National Insurance Scheme (NIS) account for most of this sum. NOK 188 billion was paid in taxes to the central government in the first quarter. NOK 54 billion was paid in employer contributions and NOK 34 billion was paid in member contributions to the NIS. Total transfers have increased by NOK 8 billion, or 2.8 per cent, from the first quarter of 2013.

Central government expenditure increased by 2 per cent, from NOK 271 billion to NOK 277 billion from the first quarter of 2013 to the first quarter of 2014. Transfers also account for most of the expenditure, at NOK 229 billion. Of this, NOK 92 billion was paid in pensions and benefits through the NIS. NOK17 billion was transferred to other state accounts and NOK 55 billion was transferred to municipalities and county authorities.

The central government had operating expenses of NOK 33 billion in the first quarter. This is NOK 2 billion, or 5.5 per cent, less than in the first quarter of 2013. Wages and salaries account for NOK 17 billion and purchase of goods and services account for NOK 10 billion of this sum.

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