The use of oil money increases in the government’s proposal for the state budget for 2025. This is shown by the key figures, which were published at 8 o’clock on Monday morning. In order to make the state budget go up, the government will tap the oil fund for NOK 460.1 billion. This corresponds to 2.5 per cent of the fund’s return, and is within the action rule. You can read all news about the state budget and reactions to it here: In this matter you can read about: Finance Minister Trygve Slagsvold Vedum in news’s premises on Monday morning. Photo: Cicilie Sigrid Andersen / news Chief Economist Harald Magnus Andreassen believes the government is taking a harder line than Norges Bank had expected. This could mean a delay in interest rate cuts. – This means that the budget helps to stimulate the economy. The interest rate effect is not negative, it may mean that the interest rate cuts will come later, says Andreassen. Economics professor Ola H. Grytten also does not believe that the increased use of oil money will help bring down interest rates quickly. In the budget proposal for 2024, the government proposed spending NOK 409.8 billion. This was increased by nearly NOK 9 billion, to NOK 418.7 billion, in the revised budget in May this year. The government has said that they will tighten their grip on money every autumn, but when the budget year is under way, spending has increased, the figures published at 8am show. In next year’s state budget, the government plans to accept up to 200 quota refugees, according to what news understands . The government has already announced strong tightening of immigration policy. It is now clear that the reception of quota refugees will be further tightened. Under the Støre government, Norway accepted 3,000 quota refugees in 2022. The number was reduced to 2,000 in 2023 and 1,000 this year. Lan Marie Berg, MDG’s fiscal spokesperson, believes the reduction is “shameful”. – It is incredibly provocative that the government brags about how strict they will be towards those fleeing war and misery. The government is introducing the controversial exit tax, but is making changes to when the tax is introduced, news learns. The tax works like this: When you move out of Norway, the state will calculate how much tax you should have paid on the gains you have made in Norway. The tax kicks in for those who have a gain of NOK 3 million. Previously, the cut-off point was NOK 500,000. The tax will apply to everyone who moved out of Norway from and including 20 March this year. Published 07.10.2024, at 09.56 Updated 07.10.2024, at 10.01
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Today the Minister of Finance publishes the state budget for 2025 – news Norway – Overview of news from various parts of the country
