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168701
Reduced government revenue
statistikk
2014-09-05T10:00:00.000Z
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, Q2 2014

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Reduced government revenue

The central government’s fiscal account, including the National Insurance Scheme, shows revenue of NOK 352 billion and expenditure of NOK 299 billion in the second quarter of 2014.

Central government fiscal account including National Insurance Scheme. Quarter. NOK million.Published 18 November 2014
2nd quarter 20132nd quarter 2014Change in per cent
A. TOTAL REVENUE375 173352 349-6.1
Operating surplus extraction of petroleum33 78228 532-15.5
Tax revenue249 472228 983-8.2
Members' and employers' contribution to the National Insurance Scheme50 00752 4995.0
Interest and dividends30 13930 4951.2
Other revenue11 77311 8400.6
 
B. TOTAL EXPENDITURE266 606299 13412.2
Operating costs36 06238 7537.5
Total fixed capital formation14 64918 78928.3
Total transfers215 895241 59211.9
 
C. SURPLUS BEFORE NET TRANSFERS TO THE GOVERNMENT PENSION FUND - GLOBAL108 56753 215

Source: Statistics Norway

Total revenue has decreased by NOK 23 billion compared to the second quarter of 2013. This is mainly due to a decrease in tax income from the extraction of petroleum. Total tax revenue has decreased by NOK 20 billion, from NOK 249 billion to NOK 229 billion, from the second quarter of 2013. Taxes account for most of the transfers to the central government and the total sum of transfers is reduced by almost NOK 18 billion. Other significant transfers are contributions to the National Insurance Scheme of NOK 52 billion and interest and dividends of NOK 30 billion. These transfers have increased by a total of NOK 3 billion from the second quarter of last year.

Besides transfers, the central government had sales revenue of NOK 5 billion and income from petroleum extraction of NOK 34 billion in the second quarter of this year. These sums have also decreased, by a total of NOK 5 billion.

Total government expenditure was NOK 299 billion in the second quarter. Transfers account for NOK 242 billion, operating expenses account for NOK 39 billion and fixed capital formation account for NOK 19 billion of this sum. Total expenditure has increased by NOK 33 billion from the second quarter of 2013. Part of this increase is due to different periodization of the expenses in 2013 and 2014.

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