The State budget of Norway () is a government budget passed by the Norwegian legislature, Stortinget, each year. It accumulates all income and expenses for the Government of Norway. The document defines the taxes to be collected, and what expenses will be accomplished.
The budget follows a fiscal year of January 1 to December 31. The proposition for the budget is made by the 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 Source:
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 Military: 20,754 State roads: 7,110 Railway: 3,282 Police and prosecution: 9,017 Courts: 1,889 Prisons: 2,291 Labour and welfare management: 7,616 Tax administration: 4,833 Pensions to state employees: 8,499 Ministries: 5,520 State wage negotiations: 9,720 Commercial activity: -371 Other costs: 29,194 Subtotal: 109,355 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
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