Flat 25% tax urged for foreign workers

Among the changes in the conservative coalition government’s revised state budget proposal on Tuesday is a simplification of income tax rules for foreign workers. A host of other proposals may be felt by Norwegians as well. Finance Minister Siv Jensen and her government colleagues think current income tax rules for foreigners working in Norway for […]

Revised budget taps less from Oil Fund

Finance Minister Siv Jensen has long wanted to invest more of Norway’s oil revenues at home, in everything from better roads to more nursing homes, instead of in stock markets abroad. She’s nonetheless going along with plans to tap the country’s huge Oil Fund for even less than the conservative government coalition projected in its […]

Tax revenue boom ‘signals optimism’

Finance Minister Siv Jensen has reason to smile after a long and difficult winter: New figures show a boom in unexpected tax revenue rolling into the state treasury, much of it tied to Norway’s economic recovery from the oil price collapse. “This is another signal of optimism and brighter times,” Jensen told Norwegian Broadcasting (NRK) […]

Listhaug responds, angers even more

UPDATED: Justice Minister Sylvi Listhaug, under pressure to apologize for claiming on Facebook that Norway’s Labour Party puts terrorists’ rights above national security, has finally published a response after days of refusing to comment. She also finally deleted the post many found so offensive, but refused to admit defeat even after her initial response stirred […]

Budget talks off to a ‘tough’ start

Prime Minister Erna Solberg knew this year’s state budget conference would be “tough” even without all the political conflict swirling around her. Her government can’t justify dipping into Norway’s Oil Fund any longer to grease the way for more government spending, and mostly has to “move around” the money it already has. That’s a lot, […]

Solberg suddenly loses confidence

NEWS ANALYSIS: As if leading annual state budget negotiations wasn’t demanding enough, Prime Minister Erna Solberg had to do so this week while her own offensive justice minister, Sylvi Listhaug, was blatantly challenging her authority. At stake is public confidence in top Norwegian politicians and the government coalition itself, just as Solberg also faces some […]

Fight goes on over defense compromise

A day after Parliament finally agreed on a new defense program for Norway, two MPs from the otherwise allied Labour and Center parties kept fighting live on national radio Wednesday. Another fight looms over funding, since the defense compromise was struck before politicians have figured out how to fund it. On Tuesday the Labour, Christian […]

Budget agreement saves government

UPDATED: Norway’s conservative minority government coalition won support for its state budget proposal from the two other non-socialist parties in Parliament late Wednesday. The coalition’s Conservative and Progress parties had to make some concessions to win support from the Liberals and Christian Democrats, but they all claimed they were pleased with the results. The budget […]

Little property tax relief in state budget

Even though Norway’s conservative government coalition opposes property tax, it didn’t do anything to prevent local governments from imposing it in the state budget. There is a proposal, however, to keep it from rising too quickly. Residents of Oslo, for example, are getting hit with much higher property tax bills than expected because of higher […]

Critics blast lack of Oil Fund ‘buffers’

Norway’s huge sovereign wealth fund known as the “Oil Fund” is far too vulnerable to swings in the financial markets, argue critics. They claim a lack of buffers to reduce the impact of swings that can cut into market value is a glaring omission on the part of the state government responsible for the fund. […]