Norway Government Budget

Norway recorded a Government Budget surplus equal to 13.90 percent of the countrys Gross Domestic Product in 2012. Government Budget in Norway is reported by the Statistics Norway. From 2000 until 2012, Norway Government Budget averaged 13.5 Percent of GDP reaching an all time high of 19.1 Percent of GDP in December of 2008 and a record low of 7.3 Percent of GDP in December of 2003. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Norway Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
13.90 13.40 19.10 7.30 15.26 | 2013/12 2000 - 2012 Percent of GDP Yearly

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Norway Government Budget
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Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 29.40 2012-12-31 28.40 53.80 28.40 27.35 2012-12-31 Percent [+]
Government Budget Value 43370.00 2013-08-15 108567.00 108567.00 9065.60 96294.61 2013-12-31 NOK Million [+]
Government Spending 153883.00 2013-11-15 153071.00 153883.00 53226.00 157146.85 2014-03-31 NOK Million [+]
Credit Rating 97.77 [+]
Government Budget 13.90 2012-12-31 13.40 19.10 7.30 15.26 2013-12-31 Percent of GDP [+]
[+]


Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


RELATED NEWS

Norway Imports at 46324.95 NOK Million  
Imports in Norway increased to 46324.95 NOK Million in March of 2014 from 43176.23 NOK Million in February of 2014. Imports in Norway is reported by the Statistics Norway.
Norway Exports at 77734.39 NOK Million  
Exports in Norway increased to 77734.39 NOK Million in March of 2014 from 77023.62 NOK Million in February of 2014. Exports in Norway is reported by the Statistics Norway.
Norway Balance of Trade at 31409.44 NOK Million  
Norway recorded a trade surplus of 31409.44 NOK Million in March of 2014. Balance of Trade in Norway is reported by the Statistics Norway.
Norway Crude Oil Production at 1477.00 Thousands Barrels per Day  
Crude Oil Production in Norway increased to 1477 Thousands Barrels per Day in October of 2013 from 1395 Thousands Barrels per Day in September of 2013. Crude Oil Production in Norway is reported by the U.S. Energy Information Administration.
Norway New Orders at 137.00 Index Points  
New Orders in Norway increased to 137 Index Points in the fourth quarter of 2013 from 112.90 Index Points in the third quarter of 2013. New Orders in Norway is reported by the Statistics Norway.
Norway Personal Savings at 23512.00 NOK Million  
Personal Savings in Norway increased to 23512 NOK Million in the fourth quarter of 2013 from 22621 NOK Million in the third quarter of 2013. Personal Savings in Norway is reported by the Statistics Norway.
Norway Productivity at 109.99 Index Points  
Productivity in Norway increased to 109.99 Index Points in the fourth quarter of 2013 from 109.89 Index Points in the third quarter of 2013. Productivity in Norway is reported by the Statistics Norway.
Norway Producer Prices at 247.30 Index Points  
Producer Prices in Norway decreased to 247.30 Index Points in March of 2014 from 254.60 Index Points in February of 2014. Producer Prices in Norway is reported by the Statistics Norway.
Norway Producer Prices Change at 0.08 Percent  
Producer Prices in Norway increased 0.08 percent in March of 2014 over the same month in the previous year. Producer Prices Change in Norway is reported by the Statistics Norway.
Norway Terms of Trade at 108.85 Index Points  
Terms of Trade in Norway decreased to 108.85 Index Points in the fourth quarter of 2013 from 109.27 Index Points in the third quarter of 2013. Terms of Trade in Norway is reported by the Statistics Norway.
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