Norway recorded a government budget deficit of 96018 NOK Million in the first quarter of 2021. source: Statistics Norway

Government Budget Value in Norway averaged 24160.31 NOK Million from 1991 until 2021, 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 June 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 -11659.91 in 12 months time. In the long-term, the Norway Government Budget Value is projected to trend around -11659.91 NOK Million in 2022 and 1900.00 NOK Million in 2023, according to our econometric models.

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Norway Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-96018.00 -68692.00 198910.00 -114258.00 1991 - 2021 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 of GDP [+]
Government Budget 6.40 7.80 18.60 3.10 percent of GDP [+]
Government Budget Value -96018.00 -68692.00 198910.00 -114258.00 NOK Million [+]
Government Spending 216517.00 219840.00 219840.00 72314.00 NOK Million [+]
Government Spending to GDP 58.40 51.50 58.40 40.60 percent of GDP [+]
Government Revenues 340618.00 326884.00 404678.00 50596.00 NOK Million [+]
Government Debt 765174.00 637963.00 765174.00 8631.00 NOK Million [+]
Fiscal Expenditure 436636.00 395576.00 436636.00 74482.00 NOK Million [+]
Credit Rating 100.00 [+]
Military Expenditure 7514.00 7520.00 7520.00 846.00 USD Million [+]
Asylum Applications 65.00 70.00 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.