Norway recorded a government budget surplus of 64072 NOK Million in the fourth quarter of 2024. Government Budget Value in Norway averaged 36757.76 NOK Million from 1991 until 2024, reaching an all time high of 361263.00 NOK Million in the fourth quarter of 2022 and a record low of -114258.00 NOK Million in the second quarter of 2020. source: Statistics Norway

Related	Last	Previous	Unit	Reference
Fiscal Expenditure	520994.00	442298.00	NOK Million	Dec 2024
Government Budget	16.30	25.60	percent of GDP	Dec 2023
Government Budget Value	64072.00	68435.00	NOK Million	Dec 2024
Government Debt	773551.00	874524.00	NOK Million	Dec 2024
Government Debt to GDP	44.30	36.50	percent of GDP	Dec 2023
Government Revenues	585066.00	510733.00	NOK Million	Dec 2024
Government Spending	275588.00	274837.00	NOK Million	Dec 2024

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.