Norway recorded a government budget deficit of 8458 NOK Million in the third quarter of 2019. Government Budget Value in Norway averaged 28493.27 NOK Million from 1991 until 2019, 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. source: Statistics Norway

Government Budget Value in Norway is expected to be 1244.98 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 1244.98 in 12 months time. In the long-term, the Norway Government Budget Value is projected to trend around -11659.91 NOK Million in 2020, according to our econometric models.

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Norway Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-8458.00 28419.00 198910.00 -60215.00 1991 - 2019 NOK Million Quarterly
Current Prices, NSA


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.

Norway Government Last Previous Highest Lowest Unit
Government Debt to GDP 36.30 37.90 53.70 28.90 percent [+]
Government Budget 7.30 4.90 18.70 3.20 percent of GDP [+]
Government Budget Value -8458.00 28419.00 198910.00 -60215.00 NOK Million [+]
Government Spending 206207.00 204429.00 206207.00 69603.00 NOK Million [+]
Government Spending to GDP 48.70 49.90 55.80 40.20 percent [+]
Government Revenues 314098.00 378600.00 404678.00 50596.00 NOK Million [+]
Government Debt 593957.00 496238.00 734596.00 8631.00 NOK Million [+]
Fiscal Expenditure 322556.00 350181.00 356948.00 74482.00 NOK Million [+]
Military Expenditure 6824.00 6466.00 6824.00 857.00 USD Million [+]
Credit Rating 100.00 [+]
Asylum Applications 160.00 200.00 8570.00 120.00 persons [+]