01.03.2016 - 110 Billion Decline in Petroleum Revenues of Norway
General government surplus is estimated at NOK 180 billion in 2015. Due to a substantial decrease in petroleum revenues, this is close to NOK 100 billion NOK lower than the previous year. Petroleum revenues totalled NOK 184 billion in 2015, according to preliminary figures. General government revenue excluding petroleum is calculated at slightly less than NOK 1 500 billion in 2015 – an increase of almost 7 per cent from 2014. Income from interest and dividends in the Government Pension Fund Global, as well as taxes from households and companies in Mainland Norway, were contributing factors to this...............................................Full Article: Source
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