Norway recorded a government budget surplus of 29995 NOK Million in the third quarter of 2018. Government Budget Value in Norway averaged 29228.57 NOK Million from 1991 until 2018, reaching an all time high of 198910 NOK Million in the second quarter of 2008 and a record low of -60215 NOK Million in the fourth quarter of 2016.

Government Budget Value in Norway is expected to be -7403.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Norway to stand at -103.00 in 12 months time. In the long-term, the Norway Government Budget Value is projected to trend around -25862.00 NOK Million in 2020, according to our econometric models.

Norway Government Budget Value
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Norway Government Last Previous Highest Lowest Unit
Government Debt to GDP 36.20 35.30 53.70 27.30 percent [+]
Government Budget 4.40 4.00 18.70 3.20 percent of GDP [+]
Government Budget Value 29995.00 3111.00 198910.00 -60215.00 NOK Million [+]
Government Spending 197790.00 197569.00 197790.00 67663.00 NOK Million [+]
Government Spending to GDP 50.30 50.80 55.80 40.20 percent [+]
Government Revenues 324043.00 341375.00 404678.00 50596.00 NOK Million [+]
Government Debt 614750.00 629080.00 734596.00 8631.00 NOK Million [+]
Fiscal Expenditure 294048.00 338264.00 345906.00 74482.00 NOK Million [+]
Military Expenditure 6329.60 5997.40 6329.60 827.60 USD Million [+]
Credit Rating 98.71 [+]
Asylum Applications 280.00 390.00 8570.00 130.00 persons [+]


Norway Government Budget Value

The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Norway Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Government Budget Value - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
29995.00 3111.00 198910.00 -60215.00 1991 - 2018 NOK Million Quarterly
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Argentina -135316.20 Dec/18
Australia -292.00 Dec/18
Brazil -68042.00 Dec/18
Canada -2219.00 Nov/18
China -286.50 Nov/18
France -76.05 Dec/18
Germany 36.06 Jun/18
India -7014.57 Dec/18
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Spain -12378.00 Nov/18
Switzerland 2176.00 Dec/19
Turkey -20758467.00 Dec/18
United Kingdom 1596.00 Dec/18
United States -13539.00 Dec/18


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