State budget of Norway

Source: Wikipedia, the free encyclopedia.
The yellow book, the publication of the state budget.

The State budget of Norway (

Government of Norway
. The document defines the taxes to be collected, and what expenses will be accomplished.

The budget follows a

Ministry of Finance in the first week of October. This proposition is named Storting Proposition no. 1 or Yellow Book and is the governments suggestion for a budget. It is then considered by the Standing Committee of Finance
.

If there is a majority government, the budget is normally passed without much change. In case of a minority government, which have been more the rule than the exception since the 1970s, the government party(s) must negotiate with enough opposition parties to pass it in the legislature. The responsibility to audit the accounts is at the Office of the Auditor General of Norway.

State budget 2007

All sums in NOK million

Main figures

Expenses

  • Operating costs: 109,355
  • Investments: 40,334
  • Transfers: 927,708
  • Lending and instalment: 2
  • Total costs: 1,202,683

Income

  • Operating income: 132,970
  • from investments: 16,179
  • Taxes and transfers: 928,248
  • Paybacks: 59,682
  • Total income:1,137,079

Specifications

  • Operating costs
  • Investment costs
    • State petroleum activity: 18,300
    • Defence
      : 9,257
    • State roads: 5,408
    • Buildings
      : 1,595
    • Other buildings: 1,500
    • Railway: 2,220
    • Other investments: 2 055
    • Subtotal: 40,334
  • Transfers
    • Pension Fund
      : 364,893
    • Other state budgets: 33,611
    • Municipalities
      : 101,127
    • Pensions: 245,239
    • Other transfers: 182,838
    • Subtotal: 927,708
  • Operating income
    • From SDFI: 122,300
    • Other: 10,670
    • Subtotal: 132,970
  • Transfer
    • Dividend: 57,042

References

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