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230350
Reduced government revenue
statistikk
2015-09-08T10:00:00.000Z
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 2015

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Reduced government revenue

The central government’s fiscal account for the second quarter of 2015 shows a decrease in revenue of 4.7 per cent. The surplus before transfers to the Government Pension Fund Global has been reduced by almost 50 per cent.

Central government fiscal account including National Insurance Scheme. Quarter. NOK million.Published 8 September 2015
2nd quarter 20142nd quarter 2015Change in per cent
A. TOTAL REVENUE352 349335 887-4.7
Operating surplus extraction of petroleum28 53224 738-13.3
Tax revenue228 983214 380-6.4
Members' and employers' contribution to the National Insurance Scheme52 49955 7726.2
Interest and dividends30 49517 822-41.6
Other revenue11 84023 17595.7
 
B. TOTAL EXPENDITURE299 134308 3483.1
Operating costs38 75341 3326.7
Total fixed capital formation18 78918 9901.1
Total transfers241 592248 0262.7
 
C. SURPLUS BEFORE NET TRANSFERS TO THE GOVERNMENT PENSION FUND - GLOBAL53 21527 539

Source: Statistics Norway

Total revenue has decreased from NOK 352.3 billion in the second quarter of 2014 to NOK 335.9 billion in the second quarter of this year. Sales revenue, transfers and the operating surplus from petroleum activities have all been reduced from the second quarter of 2014. The decrease in total transfers is due to lower tax revenue and decreased income from interest and dividends. Tax revenue has decreased by NOK 14.6 billion and interest and dividend has decreased by NOK 12.7 billion from the second quarter of 2014 to the second quarter of 2015.

Total expenditure was NOK 308.3 billion in the second quarter of this year. This is NOK 9.2 billion more than in the second quarter of last year. Operating costs have increased by NOK 2.6 billion and purchases of goods and services account for most of this increase. While investments in central government petroleum activities have been reduced by NOK 1.5 billion, total fixed capital formation has increased by 1.1 per cent. Pensions and benefits paid through the National Insurance Scheme have increased by NOK 8.8 billion from the second quarter of 2014 to the second quarter of this year.

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