State Budget Of Norway
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State Budget Of Norway
The State budget of Norway ( no, Statsbudsjettet) is a government budget passed by the Norwegian legislature, Stortinget, each year. It accumulates all income and expenses for the Government of Norway. The document defines the taxes to be collected, and what expenses will be accomplished. The budget follows a fiscal year of January 1 to December 31. The proposition for the budget is made by the Ministry of Finance in the first week of October. This proposition is named ''Storting Proposition no. 1'' or ''Yellow Book'' and is the governments suggestion for a budget. It is then considered by the Standing Committee of Finance. If there is a majority government, the budget is normally passed without much change. In case of a minority government, which have been more the rule than the exception since the 1970s, the government party(s) must negotiate with enough opposition parties to pass it in the legislature. The responsibility to audit the accounts is at the Office of the Audito ...
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Military Of Norway
The Norwegian Armed Forces ( no, Forsvaret, , The Defence) is the military organization responsible for the defence of Norway. It consists of five branches, the Norwegian Army, the Royal Norwegian Navy, which includes the Coast Guard, the Royal Norwegian Air Force, the Home Guard, and Norwegian Cyber Defence Force as well as several joint departments. The military force in peace time is around 17 185 personnel including military and civilian staff, and around 70 000 in total with the current military personnel, conscripts and the Norwegian Home Guard in full mobilization. Among European NATO members, the military expenditure of US$7.2 billion is the highest per capita. History An organised military was first assembled in Norway in the 9th century and its early focus was naval warfare. The army was created in 1628 as part of Denmark–Norway, followed by two centuries of regular wars. A Norwegian military was established in 1814, but the military did not see combat until the G ...
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The Government Pension Fund Of Norway
The Government Pension Fund of Norway ( no, Statens pensjonsfond) comprises two entirely separate sovereign wealth funds owned by the government of Norway. The Government Pension Fund Global, also known as the Oil Fund, was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector. It has over US$1.19 trillion in assets, and holds 1.4% of all of the world’s listed companies, making it among the world’s largest sovereign wealth funds. In December 2021, it was worth about $250,000 per Norwegian citizen. It also holds portfolios of real estate and fixed-income investments. Many companies are excluded by the fund on ethical grounds. The Government Pension Fund Norway is smaller and was established in 1967 as a type of national insurance fund. It is managed separately from the Oil Fund and is limited to domestic and Scandinavian investments and is therefore a key stock holder in many large Norwegian companies, predominantly via the Oslo Stock Exchange. ...
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Statsbygg
The Norwegian Directorate of Public Construction and Property ( no, Statsbygg) is a Norwegian government agency that manages central parts of the real estate portfolio of the Government of Norway. Operation The Norwegian Directorate of Public Construction and Property provides construction and property management services on behalf of the Norwegian Government. This includes 2.7 million square meters in 2,350 buildings, of which 115 are located abroad. The portfolio includes office buildings, heritage sites, campuses, operational facilities, and other buildings. The directorate also manages the Global Seed Vault in Svalbard. The agency has at any time about 200 construction projects under way, completing about 10 to 20 new structures each year. The directorate has 860 employees. The head office is situated on Bishop Gunnerus Street (''Biskop Gunnerus' gate'') in Oslo. There are regional offices in Porsgrunn, Bergen, Trondheim, and Tromsø. Some parts of the public real estate are ...
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State's Direct Financial Interest
State's Direct Financial Interest (SDFI) (Norwegian: Statens direkte økonomiske engasjement (SDØE)) is a portfolio of the Norwegian government's directly owned exploration and production licenses for petroleum and natural gas on the Norwegian continental shelf. The Norwegian government-owned company Petoro has managed the SDFI portfolio since 2001. History and background The Norwegian government claims ownership of all resources on and under the sea in the geographical area known as the Norwegian continental shelf. The Norwegian government awards production licences to cooperating companies to find and produce petroleum in specific areas. The Norwegian government creates income from the petroleum sector through taxes and fees as well as itself being a participant in the industry. The Norwegian government initially participated in the industry through the creation and development of the state oil company Statoil. From 1973 to 1985 the government awarded Statoil 50% or more o ...
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Norwegian Public Service Pension Fund
Norwegian Public Service Pension Fund ( no, Statens Pensjonskasse) is a Norwegian government agency responsible for the extra pensions paid to state employees. There are in excess of one million members, and it has total assets of NOK 270 billion. All state employees are granted an extra pension of 2% of their gross wages, paid from 67 years of age. Municipal and county employees have their extra pensions managed by Kommunal Landspensjonskasse (KLP). The Pension Fund also manages the extra pensions from a number of government-owned enterprises. See also * Pensions in Norway Pensions in Norway fall into three major divisions; State Pensions, Occupational Pensions and Individual or personal Pensions. State pensions (Alderspensjon) All Norwegians citizens are entitled to get a state pension from the age of 67 in acco ... Government agencies of Norway Financial services companies of Norway 1917 establishments in Norway {{europe-bank-stub ...
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Norwegian Tax Administration
The Norwegian Tax Administration ( no, Skatteetaten) is a government agency responsible for resident registration (''National Population Register'') and tax collection in Norway. The agency is subordinate to the Ministry of Finance and is based at Helsfyr in Oslo. It is organized in six regional organizations, based in Oslo, Skien, Bergen, Trondheim, Mo i Rana and Tromsø Tromsø (, , ; se, Romsa ; fkv, Tromssa; sv, Tromsö) is a List of municipalities of Norway, municipality in Troms og Finnmark county, Norway. The administrative centre of the municipality is the Tromsø (city), city of Tromsø. Tromsø lies ..., in addition to local tax offices. References External links Official English site Government agencies of Norway Taxation in Norway Revenue services Civil registries Organisations based in Oslo {{Norway-gov-stub ...
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Norwegian Labour And Welfare Organisation
Norwegian, Norwayan, or Norsk may refer to: *Something of, from, or related to Norway, a country in northwestern Europe *Norwegians, both a nation and an ethnic group native to Norway *Demographics of Norway *The Norwegian language, including the two official written forms: **Bokmål, literally "book language", used by 85–90% of the population of Norway **Nynorsk, literally "New Norwegian", used by 10–15% of the population of Norway *The Norwegian Sea Norwegian or may also refer to: Norwegian *Norwegian Air Shuttle, an airline, trading as Norwegian **Norwegian Long Haul, a defunct subsidiary of Norwegian Air Shuttle, flying long-haul flights *Norwegian Air Lines, a former airline, merged with Scandinavian Airlines in 1951 *Norwegian coupling, used for narrow-gauge railways *Norwegian Cruise Line, a cruise line *Norwegian Elkhound, a canine breed. *Norwegian Forest cat, a domestic feline breed *Norwegian Red, a breed of dairy cattle *Norwegian Township, Schuylkill County, ...
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Prisons
A prison, also known as a jail, gaol (dated, standard English, Australian, and historically in Canada), penitentiary (American English and Canadian English), detention center (or detention centre outside the US), correction center, correctional facility, lock-up, hoosegow or remand center, is a facility in which inmates (or prisoners) are confined against their will and usually denied a variety of freedoms under the authority of the state as punishment for various crimes. Prisons are most commonly used within a criminal justice system: people charged with crimes may be imprisoned until their trial; those pleading or being found guilty of crimes at trial may be sentenced to a specified period of imprisonment. In simplest terms, a prison can also be described as a building in which people are legally held as a punishment for a crime they have committed. Prisons can also be used as a tool of political repression by authoritarian regimes. Their perceived opponents may be impri ...
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Courts Of Norway
The judiciary of Norway is hierarchical with the Supreme Court at the apex. The conciliation boards only hear certain types of civil cases. The district courts are deemed to be the first instance of the Courts of Justice. Jury (high) courts are the second instance, and the Supreme Court is the third instance. Courts The structure of the courts of justice is hierarchical, with the Supreme Court at the apex. The conciliation boards only hear certain types of civil cases. The district courts are deemed to be the first instance of the Courts of Justice. Jury (high) courts are the second instance and the Supreme Court is the third instance. Supreme Court The Supreme Court is Norway's highest court of justice and the instance of appeal for verdicts handed down by courts of a lower level. The court is situated in Oslo. The decisions made here are final and cannot be appealed or complained against. The only exception is for cases that can be brought before the Court for Human Rights in ...
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Norwegian Police Force
Norwegian, Norwayan, or Norsk may refer to: *Something of, from, or related to Norway, a country in northwestern Europe *Norwegians, both a nation and an ethnic group native to Norway *Demographics of Norway *The Norwegian language, including the two official written forms: **Bokmål, literally "book language", used by 85–90% of the population of Norway **Nynorsk, literally "New Norwegian", used by 10–15% of the population of Norway *The Norwegian Sea Norwegian or may also refer to: Norwegian *Norwegian Air Shuttle, an airline, trading as Norwegian **Norwegian Long Haul, a defunct subsidiary of Norwegian Air Shuttle, flying long-haul flights *Norwegian Air Lines, a former airline, merged with Scandinavian Airlines in 1951 *Norwegian coupling, used for narrow-gauge railways *Norwegian Cruise Line, a cruise line *Norwegian Elkhound, a canine breed. *Norwegian Forest cat, a domestic feline breed *Norwegian Red, a breed of dairy cattle *Norwegian Township, Schuylkill County, ...
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Jernbaneverket
The Norwegian National Rail Administration ( no, Jernbaneverket) was a etat, government agency responsible for owning, maintaining, operating and developing the rail transport in Norway, Norwegian railway network, including the Rail tracks, track, train station, stations, classification yards, traffic management and Public transport timetable, timetables. Safety oversight was the duty of the Norwegian Railway Inspectorate, while numerous operating companies run trains on the lines; the largest being the state owned passenger company Vy (transport operator), Vy (formerly NSB) and the freight company CargoNet. The administration operated all railways in Norway, except public station areas and freight terminals built before 1997 and private sidings. All track is standard gauge, with a total of , of which is railway electrification system, electrified, and is double track.Jernbanestatistikk 2012 page:4 The Norwegian Railway Museum was a subsidiary of the rail administration. On 1 De ...
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