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168703
Reduced government surplus
statistikk
2014-11-19T10:00:00.000Z
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, Q3 2014

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Reduced government surplus

The central government’s fiscal account, including the National Insurance Scheme, shows a surplus of NOK 31 billion in the third quarter.

Central government fiscal account including National Insurance Scheme. Quarter. NOK million.Published 19 November 2014
3rd quarter 20133rd quarter 2014Change in per cent
A. TOTAL REVENUE291 533286 621-1.7
Operating surplus extraction of petroleum31 16421 356-31.5
Tax revenue153 410150 121-2.1
Members' and employers' contribution to the National Insurance Scheme85 76290 9726.1
Interest and dividends10 10710 9518.4
Other revenue11 09013 22119.2
 
B. TOTAL EXPENDITURE248 163255 7473.1
Operating costs34 11135 5124.1
Total fixed capital formation16 35718 50913.2
Total transfers197 695201 7262.0
 
C. SURPLUS BEFORE NET TRANSFERS TO THE GOVERNMENT PENSION FUND - GLOBAL43 37030 874

Source: Statistics Norway

The central government’s total revenue was NOK 287 billion in the third quarter of this year. This is NOK 5 billion less than in the third quarter of 2013. Transfers account for most of the revenue, with a sum of NOK 253 billion. NOK 150 billion of this sum was tax revenue and NOK 91 billion was contributions to the National Insurance Scheme (NIS). Tax revenue has decreased by NOK 3 billion and the contributions to the NIS have increased by NOK 5 billion from the third quarter of last year. Total transfers to the central government have increased by NOK 3 billion, or 1.2 per cent.

Total expenditure has increased by 3.1 per cent from the third quarter of 2013. The government had expenses of NOK 256 billion in the third quarter of this year. Operating costs were NOK 36 billion, total fixed capital formation was NOK 19 billion and transfers from the central government totalled NOK 202 billion in the third quarter. Pensions and benefits through the NIS account for NOK 98 billion of the transfers. NOK 38 billion was transferred to counties and municipalities and NOK 14 billion was transferred to other state accounts.

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