News and press releases
Latest news from the Ministries and the Office of the Prime Minister can be found here.
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The National Budget 2025: Closing tax loopholes by amending the exit tax rules
07/10/2024 Press release Ministry of FinanceIn practice, the current exit tax rules function as a tax loophole. The Government wants to close this loophole and proposes, in the National Budget for 2025, to amend the exit tax rules to make them more effective and fairer.
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The National Budget 2025: A budget that provides security for the population and country, and develops the whole of Norway
07/10/2024 Press release Ministry of FinanceThrough the proposed National Budget for 2025, people will be financially better off, Norway’s preparedness against war and crime will be strengthened, and social and geographical differences will be reduced. Unemployment is still low, wages are
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The National Budget 2025: Key Figures in the National Budget 2025
07/10/2024 Press release Ministry of FinanceThe Ministry of Finance publishes selected key figures at 8 am, prior to the publication of the budget, which includes more detailed projections, at 10 am.
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Renegotiated Agreement on Value Added Tax Signed with the EU
02/10/2024 News story Ministry of FinanceOn the 2nd of October, Norway's ambassador to the EU, Anders H. Eide, signed a renegotiated agreement with the EU on administrative cooperation in the field of VAT. The purpose is to combat international VAT fraud. The Director-General of the
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Nordic Baltic Crisis Simulation Exercise 2024
20/09/2024 News story Ministry of FinanceTo test the preparedness for a potential crisis situation, authorities from the Nordic-Baltic countries responsible for financial stability during this week conducted a financial crisis simulation exercise in the Nordic-Baltic region, involving
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The IMF's Article IV consultation for 2024 has been completed
18/09/2024 News story Ministry of FinanceOn 28 June, the IMF's delegation to Norway presented its yearly assessment of the Norwegian economy and Norwegian economic policy to the government. The full report has now been concluded by the IMF Executive Board.
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Long-term Perspectives on the Norwegian Economy 2024: Future Norway Needs New Solutions and More People Working
09/08/2024 Press release Ministry of FinanceThe government has today presented the report on Long-term Perspectives on the Norwegian Economy 2024, which discusses the main challenges for the Norwegian economy towards 2060. In this report, the government has set a goal to increase the share of
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IMF: Expect higher growth in the Norwegian economy
28/06/2024 Press release Ministry of FinanceEconomic growth will strengthen gradually and real incomes will increase, improving most households’ purchasing power. This is one of the conclusions of the International Monetary Fund (IMF)’s yearly assessment of the Norwegian economy and Norwegian
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OECD on the Norwegian economy: High activity and lower inflation
20/06/2024 Press release Ministry of FinanceOECD today published their biannual survey of the Norwegian economy, with recommendations on how the government should face important challenges ahead. The survey points to increasing activity in the Norwegian economy. It also emphasises the
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Press conference: OECDs Economic Survey of Norway
17/06/2024 Press release Ministry of FinanceOn Thursday 20 June at 10:00 the OECD will present a new Economic Survey of Norway to Minister of Finance Trygve Slagsvold Vedum (Centre Party).
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Revised National Budget 2024: A budget to provide security in demanding times
14/05/2024 Press release Ministry of FinanceDefence and security are the priorities in the Norwegian government’s proposal for the Revised National Budget. The government’s most important duty is to safeguard its people. Defence capability will be strengthened with a historic budget increase
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Revised National Budget: Key figures in the Revised National Budget 2024
14/05/2024 Press release Ministry of FinanceTo secure equal access to information that might be market sensitive, the Ministry of Finance publishes selected key figures prior to presenting the Revised National Budget at 10:45 a.m. More detailed forecasts will be published in the Revised
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The Government Pension Fund white paper 2024
12/04/2024 Press release Ministry of FinanceToday, the Ministry of Finance submits the annual white paper about the Government Pension Fund to the Storting. The white paper gives an account of the Government Pension Fund Norway (GPFN) and Government Pension Fund Global (GPFG) results and
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New Norwegian Long Term Plan on Defence: 'A historic plan'
05/04/2024 Press release Office of the Prime Minister, Ministry of Defence, Ministry of FinanceThe Norwegian Government is proposing to parliament a historic increase in defence spending with 600 billion kroner over the next 12 years, from this year to 2036 (approx. 60 billion USD). It is a historic boost for the Armed Forces. All services of
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Recommendations from the working group on government transactions and the money market
03/04/2024 News story Ministry of FinanceIn June 2023, the Ministry of Finance appointed a working group composed of experts from Norges Bank (Central Bank of Norway) and the Ministry of Finance to examine the effects of government transactions on the money market. The working group has
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Norway will meet NATO's 2% guideline in 2024
14/03/2024 Press release Office of the Prime Minister, Ministry of Defence, Ministry of Finance'The security situation nationally and internationally require that we strengthen our defence now. Norway will meet NATO's 2% guideline this year. Norwegian and allied security is not to be taken for granted. We face a more dangerous and more
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Norway will implement new rules for taxation of large multinational enterprises
24/11/2023 Press release Ministry of FinanceToday the Government put forward a Bill to the Norwegian parliament to implement internationally agreed rules on global minimum tax. This will deter profit shifting and ensure large business groups pay at least 15 per cent tax on their profits. The
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The National Budget 2024: A budget to safeguard Norwegian households
06/10/2023 Press release Ministry of FinanceThe budget for 2024 provides security and opportunity for people and businesses throughout Norway. There are expenditure increases in several areas due to war in Europe, a record number of refugees and higher prices. The Government’s priorities are
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The National Budget 2024: The Government will introduce a resource rent tax on onshore wind power from 2024
06/10/2023 Press release Ministry of Finance, Office of the Prime MinisterThe Government is today presenting a modified bill for the introduction of a resource rent tax on onshore wind power from 2024. The proposal will ensure that a larger share of the value added in the wind power industry will accrue to society as a
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The National Budget 2024: Key Figures in the National Budget 2024
06/10/2023 Press release Ministry of FinanceThe Ministry of Finance publishes selected key figures at 8 am, prior to the publication of the budget at 9 am. More detailed projections will be published in the National Budget.