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Key figures
26
billion NOK deficit before net transfers from the Government Pension Fund Global
| 1st quarter 2016 | 1st quarter 2017 | Change in per cent | |
|---|---|---|---|
| A. TOTAL REVENUE | 308 310 | 316 046 | 2.5 |
| Operating surplus extraction of petroleum | 21 344 | 25 906 | 21.4 |
| Tax revenue | 169 618 | 154 942 | -8.7 |
| Members' and employers' contribution to the National Insurance Scheme | 93 973 | 97 113 | 3.3 |
| Interest and dividends | 8 177 | 3 810 | -53.4 |
| Other revenue | 15 198 | 34 275 | 125.5 |
| B. TOTAL EXPENDITURE | 307 875 | 341 830 | 11.0 |
| Operating costs | 37 518 | 36 157 | -3.6 |
| Total fixed capital formation | 15 241 | 17 584 | 15.4 |
| Total transfers | 255 116 | 288 089 | 12.9 |
| C. SURPLUS BEFORE NET TRANSFERS TO THE GOVERNMENT PENSION FUND - GLOBAL | 435 | -25 784 |
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Table 1
Central government fiscal account. Revenue and expenditure by type. Quarterly figures. NOK Million.
| 1st quarter 2016 | 2nd quarter 2016 | 3rd quarter 2016 | 4th quarter 2016 | 1st quarter 2017 | |
|---|---|---|---|---|---|
| 1The quarterly figures are subjected to chance variations and are not revised. They should be interpreted with caution. | |||||
| A. TOTAL REVENUE | 308 310 | 328 044 | 272 071 | 254 055 | 316 046 |
| Sales revenue | 2 769 | 4 575 | 4 775 | 13 167 | 2 647 |
| Operating surplus extraction of petroleum | 21 344 | 17 193 | 13 652 | 14 999 | 25 906 |
| Depreciation etc. extraction of petroleum | 6 164 | 5 689 | 5 380 | 6 044 | 6 637 |
| Depreciation etc. other central government enterprises | 304 | 299 | 311 | 1 597 | 340 |
| Other revenue from fixed capital formation | 136 | 51 | 29 | 416 | 364 |
| Total transfers | 277 593 | 300 237 | 247 924 | 217 832 | 280 152 |
| Tax revenue | 169 618 | 196 599 | 139 563 | 153 664 | 154 942 |
| Members' contributions National Insurance Scheme | 38 909 | 28 814 | 41 571 | 24 305 | 40 488 |
| Employers' contributions National Insurance Scheme | 55 064 | 29 750 | 57 145 | 29 365 | 56 625 |
| Interest and dividends | 8 177 | 16 041 | 7 634 | 9 380 | 3 810 |
| Transfers from other state accounts | 7 | 48 | 0 | 39 | 59 |
| Transfers from municipalities and county authorities | 318 | 337 | 339 | 349 | 330 |
| Transfers from the central bank | 0 | 26 589 | 0 | 0 | 17 726 |
| Other transfers | 5 500 | 2 059 | 1 672 | 730 | 6 172 |
| B. TOTAL EXPENDITURE | 307 875 | 332 957 | 290 991 | 314 270 | 341 830 |
| Operating costs | 37 518 | 44 080 | 40 025 | 60 952 | 36 157 |
| Wages and salaries | 19 002 | 22 237 | 19 053 | 21 663 | 19 754 |
| Goods and services | 10 707 | 12 450 | 11 624 | 18 063 | 11 112 |
| Other operating expenses | 8 192 | 9 894 | 9 812 | 20 212 | 5 865 |
| Operating deficit central government enterprises | -383 | -501 | -464 | 1 014 | -574 |
| Total fixed capital formation | 15 241 | 19 013 | 19 305 | 24 901 | 17 584 |
| Construction etc. extraction of petroleum | 6 324 | 7 605 | 7 030 | 6 856 | 7 147 |
| Construction etc. other central government enterprises | 828 | 937 | 840 | 916 | 658 |
| Other fixed capital formation | 8 089 | 10 471 | 11 435 | 17 129 | 9 779 |
| Total transfers | 255 116 | 269 864 | 231 661 | 228 417 | 288 089 |
| Transfers to other state accounts | 21 908 | 13 226 | 14 524 | 4 789 | 22 606 |
| Transfers to municipalities and county authorities | 58 427 | 70 376 | 41 597 | 46 498 | 60 606 |
| Pensions benefits etc. National Insurance Scheme | 103 031 | 111 371 | 108 132 | 114 554 | 108 517 |
| Interest expenditure | 1 002 | 6 993 | -756 | 3 586 | 1 849 |
| Other transfers | 70 748 | 67 898 | 68 164 | 58 990 | 94 511 |
| C. SURPLUS BEFORE NET TRANSFERS TO THE GOVERNMENT PENSION FUND - GLOBAL | 435 | -4 913 | -18 920 | -60 215 | -25 784 |
| D. NET TRANSFERS TO THE GOVERNMENT PENSION FUND - GLOBAL | -20 800 | -13 547 | -29 500 | -23 890 | -19 700 |
| E=C-D. SURPLUS BEFORE FINANCIAL TRANSACTIONS | 21 235 | 8 634 | 10 580 | -36 325 | -6 084 |
| F. LENDING MINUS REPAYMENTS | 46 220 | 195 | -1 629 | -7 197 | 4 680 |
| G. DEBT INSTALMENTS | 0 | 2 530 | 5 790 | 6 458 | 6 520 |
| H=F+G-E. TOTAL FINANCING INCLUDING DEBT INSTALMENTS | 24 985 | -5 909 | -6 419 | 35 586 | 17 284 |
Table 2
Central government fiscal account. Revenue and expenditure by type. Annual figures. NOK Million.
| Account | Budget | ||||
|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2016 | 2017 | |
| A. TOTAL REVENUE | 1 278 758 | 1 227 412 | 1 162 483 | 1 252 490 | 1 180 570 |
| Sales revenue | 23 652 | 22 916 | 25 286 | 25 826 | 17 757 |
| Operating surplus extraction of petroleum | 121 447 | 93 855 | 67 188 | 92 200 | 66 400 |
| Depreciation etc. extraction of petroleum | 21 838 | 23 727 | 23 277 | 23 700 | 25 400 |
| Depreciation etc. other central government enterprises | 2 311 | 2 649 | 2 511 | 2 229 | 2 422 |
| Other revenue from fixed capital formation | 537 | 523 | 632 | 221 | 381 |
| Total transfers | 1 108 973 | 1 083 742 | 1 043 589 | 1 108 314 | 1 068 210 |
| Tax revenue | 760 369 | 703 299 | 659 444 | 719 618 | 678 160 |
| Members' contributions National Insurance Scheme | 119 936 | 129 807 | 133 599 | 134 634 | 139 524 |
| Employers' contributions National Insurance Scheme | 164 015 | 169 629 | 171 325 | 175 697 | 177 134 |
| Interest and dividends | 55 915 | 52 988 | 41 233 | 47 879 | 39 484 |
| Transfers from other state accounts | 245 | 185 | 94 | 69 | 53 |
| Transfers from municipalities and county authorities | 1 065 | 1 263 | 1 343 | 1 498 | 1 436 |
| Other transfers | 7 428 | 16 152 | 9 962 | 14 119 | 14 719 |
| B. TOTAL EXPENDITURE | 1 127 096 | 1 194 465 | 1 246 092 | 1 257 397 | 1 301 806 |
| Operating costs | 156 948 | 167 382 | 182 574 | 184 917 | 171 691 |
| Wages and salaries | 77 624 | 78 504 | 81 954 | 80 383 | 82 781 |
| Goods and services | 45 056 | 49 355 | 52 844 | 55 705 | 55 429 |
| Other operating expenses | 34 617 | 40 116 | 48 110 | 49 158 | 33 729 |
| Operating deficit central government enterprises | -349 | -593 | -334 | -329 | -248 |
| Total fixed capital formation | 77 536 | 74 922 | 78 461 | 81 553 | 70 472 |
| Construction etc. extraction of petroleum | 35 372 | 28 955 | 27 815 | 29 000 | 25 500 |
| Construction etc. other central government enterprises | 2 335 | 3 045 | 3 522 | 3 692 | 3 567 |
| Other fixed capital formation | 39 829 | 42 922 | 47 124 | 48 861 | 41 405 |
| Total transfers | 892 612 | 952 161 | 985 057 | 990 927 | 1 059 643 |
| Transfers to other state accounts | 49 333 | 51 418 | 54 447 | 54 117 | 57 794 |
| Transfers to municipalities and county authorities | 199 161 | 207 122 | 216 899 | 217 558 | 231 377 |
| Pensions benefits etc. National Insurance Scheme | 389 927 | 420 460 | 437 087 | 439 216 | 460 162 |
| Interest expenditure | 11 117 | 11 249 | 10 825 | 10 698 | 11 619 |
| Other transfers | 243 074 | 261 912 | 265 799 | 269 338 | 298 691 |
| C. SURPLUS BEFORE NET TRANSFERS TO THE GOVERNMENT PENSION FUND - GLOBAL | 151 662 | 32 947 | -83 609 | -4 907 | -121 236 |
| D. NET TRANSFERS TO THE GOVERNMENT PENSION FUND - GLOBAL | 155 502 | 32 193 | -87 737 | -4 907 | -121 235 |
| E=C-D. SURPLUS BEFORE FINANCIAL TRANSACTIONS | -3 840 | 754 | 4 128 | 0 | -1 |
| F. LENDING MINUS REPAYMENTS | -39 391 | 36 153 | 37 589 | 54 430 | -5 054 |
| G. DEBT INSTALMENTS | 17 206 | 59 919 | 14 778 | .. | 63 207 |
| H=F+G-E. TOTAL FINANCING INCLUDING DEBT INSTALMENTS | -18 345 | 95 318 | 48 239 | 54 430 | 58 154 |
Table 3
Net government cash flow from petroleum activities. Quarterly figures. NOK million
| 1st quarter 2016 | 2nd quarter 2016 | 3rd quarter 2016 | 4th quarter 2016 | 1st quarter 2017 | |
|---|---|---|---|---|---|
| Taxes on the extraction of petroleum | 11 287 | 22 793 | 8 700 | -1 687 | 9 202 |
| Environmental taxes and area fees | 238 | 2 263 | 272 | 3 739 | 135 |
| Net cash flow from SDFI | 22 298 | 16 076 | 12 967 | 15 114 | 26 275 |
| Statoil dividend | 4 045 | 2 267 | 2 229 | 2 177 | 0 |
| Net government cash flow from petroleum activities | 37 868 | 43 399 | 24 169 | 19 343 | 35 611 |
Table 4
Net government cash flow from petroleum activities. Annual figures. NOK million
| 2013 | 2014 | 2015 | 2016 | |
|---|---|---|---|---|
| Taxes on the extraction of petroleum | 201 504 | 170 050 | 103 672 | 41 093 |
| Environmental taxes and area fees | 4 932 | 6 114 | 6 485 | 6 513 |
| Net cash flow from SDFI | 124 294 | 112 857 | 92 717 | 66 455 |
| Statoil dividend | 14 421 | 22 646 | 15 382 | 10 717 |
| Net government cash flow from petroleum activities | 345 151 | 311 667 | 218 256 | 124 779 |
About the statistics
The central government’s fiscal account shows its total revenue and expenditure. The revenues include tax revenues, contributions to the National Insurance Scheme and petroleum-related revenues. The expenditure consists mainly of transfers, fixed capital formation and operating costs.
Definitions
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Total revenue: Total gross revenue before transfers to the Government Pension Fund - Global.
Total expenditure: Total gross expenditure before transfers to the Government Pension Fund - Global.
Surplus before net transfers to the Government Pension Fund - Global: Total revenue minus total expenditure.
Surplus before financial transactions: Surplus after net transfers to the Government Pension Fund - Global.
Gross financing including debt instalments: Deficit before financial transactions plus lending minus repayments and debt instalments.
Financing: How the deficit (or surplus) before net transfers to the Government Pension Fund - Global is financed, distributed by main groups of financial instruments.
Type: Revenue and expenditure are classified in main groups by type, mainly based on whether the transaction is related to operation or investments, whether services are offered in return or not, and what kind of economic function the individual transaction has. Originally the distribution by type was based on the National Accounts' distinctions, but over time this has changed somewhat.
Programme category: Expenditure is classified by main purpose of the individual expenditure item.
Financial instrument: Rough classification of financing by financial instrument, with a distinction between deposits, loans, short-term securities, medium and long-term securities, and equity (shares, capital deposits etc.).
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Not relevant.
Administrative information
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Name: Central government revenue and expenditure
Topic: Public sector
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Division for Public Finance
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National level only.
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Figures are published 35-45 days after the end of each quarter. Annual figures are published with the figures for the fourth quarter.
Monthly figures for revenue and expeniture are only published in StatBank. They are updated on the last workday of the following month and this update is not included in the overview of planned releases and events.
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Not relevant.
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The micro data are stored in the SAS database.
Background
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The purpose is to give the public access to quarterly figures for the central government's fiscal account, including the National Insurance Scheme. Quarterly figures are available from the first quarter 1985.
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The statistics are processed for use in the National Accounts. Other important users are the Ministry of Finance, the IMF and mass media.
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No external users have access to the statistics and analyses before they are published and accessible simultaneously for all users on ssb.no at 8 am. Prior to this, a minimum of three months' advance notice is given in the Statistics Release Calendar. This is one of Statistics Norway’s key principles for ensuring that all users are treated equally.
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The statistics are not based on international standards. The figures for the central government's fiscal accounts are in principle final at the time of publishing. Annual figures from the statistics are included in processed form in the statistics General government revenue and expenditure and the annual and quarterly statistics are included in the National Accounts.
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The Statistics Act, § 2-2
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Not relevant.
Production
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The population comprises all administrative bodies that report to the central government's fiscal account. Non-corporate state enterprises and state lending institutions are partially included (most of them on a net basis), but not public corporations.
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The central government's fiscal account is an administrative register collected from the Ministry of Finance.
Not relevant.
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Not relevant.
This mostly consists of checking that the accounts balance (i.e. that expenditures equal the sum of revenues and net financial transactions).
Not relevant.
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Not relevant
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Not relevant.
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One tries to avoid great breaks in the series by presenting only main groups of revenues and expenditures in the tables. Breaks may still occur, since the central government fiscal account's chart of accounts constantly is being adjusted by resolutions in the National Assembly.
Accuracy and reliability
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Errors may occur while aggregating main item, programme area and financial instrument.
Not relevant.
Variance: Not relevant
Bias: Not relevant
Non-response: Not relevant
Register errors: Probably few.
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Not relevant
Read more about these figures

Increase in both revenue and expenditure
Published 6 June 2017The central government’s fiscal account for 2017 Q1 shows an increase in total revenue of NOK 8 billion and an increase in expenditure of NOK 34 billion.
MoreContact
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Aina Johansen
(+47) 40 90 26 66
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Christopher Okazaki Hansen
(+47) 40 90 26 61
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Eivind Andreas Sirnæs Egge
(+47) 21 09 49 49
