Norway recorded a government budget deficit of 58321 NOK Million in the third quarter of 2020. source: Statistics Norway

Government Budget Value in Norway averaged 25950.48 NOK Million from 1991 until 2020, reaching an all time high of 198910 NOK Million in the second quarter of 2008 and a record low of -114258 NOK Million in the second quarter of 2020. This page provides - Norway Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Government Budget Value - values, historical data and charts - was last updated on February of 2021.

Government Budget Value in Norway is expected to be -4489.71 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 -8100.00 in 12 months time. In the long-term, the Norway Government Budget Value is projected to trend around -11659.91 NOK Million in 2021 and 1900.00 NOK Million in 2022, according to our econometric models.

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Norway Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-58321.00 -114258.00 198910.00 -114258.00 1991 - 2020 NOK Million Quarterly
Current Prices, NSA

Norway Government Last Previous Highest Lowest Unit
Government Debt to GDP 40.60 39.40 53.70 28.70 percent [+]
Government Budget 6.40 7.80 18.60 3.10 percent of GDP [+]
Government Budget Value -58321.00 -114258.00 198910.00 -114258.00 NOK Million [+]
Government Spending 220461.00 214474.00 220461.00 72314.00 NOK Million [+]
Government Spending to GDP 51.80 49.20 55.80 40.60 percent [+]
Government Revenues 302533.00 297964.00 404678.00 50596.00 NOK Million [+]
Government Debt 743263.00 634724.00 743263.00 8631.00 NOK Million [+]
Fiscal Expenditure 360854.00 412222.00 412222.00 74482.00 NOK Million [+]
Credit Rating 100.00 [+]
Military Expenditure 6824.00 6466.00 6824.00 857.00 USD Million [+]
Asylum Applications 130.00 200.00 8570.00 30.00 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.