Economic Policy

The Ministry of Finance and numerous associated institutions report on the condition of the Norwegian economy. On this page you can find some of the most important sources of information about the subject.

Economic Policy

The responsibility of the Minister of Finance as a member of the Government is to develop and co-ordinate the Government's economic policy. Although the political authorities - the Government and Stortinget - make the decisions, the Ministry of Finance is required to give expert advice before decisions are made and executed.

The Economic Policy Department monitors and analyses economic trends in Norway and abroad.

 

General information about the Kingdom of Norway and the Norwegian Economy 2007

This is an annual report by the Ministry of Finance containing general information about the Kingdom of Norway and the Norwegian economy 2007.

Fiscal policy

Fiscal policy shall be geared towards a gradual and sustainable increase in the use of petroleum revenues. Over time, the structural, non-oil budget deficit shall correspond to the real return on the Government Pension Fund - Global, estimated at 4 per cent. This rule should not be used mechanically, however, and considerable emphasis should be placed on stabilising economic fluctuations.

Monetary policy

Monetary policy shall aim for stability in the domestic and international value of the Norwegian krone. Norges Bank’s (the central bank) operational implementation of monetary policy shall be aimed at low and stable inflation, defined as an annual increase in consumer prices that remains close to 2½ pct. over time.

Key Projections

Key Projections lists economic forecasts by various institutions. Last updated: August 2007.

OECD’s assessment of the Norwegian Economy

Every eighteen months the OECD presents a survey of the Norwegian economy. This survey is based on the Secretariat’s study prepared for the annual review of Norway by the Economic and Development Review Committee.

IMF's assessment of the Norwegian Economy

The International Monetary Fund (IMF) usually undertakes Article IV consultations with Norway every year.

The Central Government's Outstanding Debt

The Central Government's Outstanding Debt contains tables describing the debt issued by the State of Norway. Last updated: February 2007.

Ministry of Finance

Responsible organization

Contact information

Economic Policy Department

Send e-mail
Telephone: +47 22 24 45 03
Fax: +47 22 24 95 09

Address

The Ministry of Finance
Economic Policy Department
P.O. Box 8008 Dep
0030 Oslo
Norway

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