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The oil and gas industries play a dominant role in the Norwegian economy, providing a source of finance for the Norwegian welfare state through direct ownership of oil fields, dividends from its shares in Equinor, and licensure fees and taxes. The oil and gas industry is Norway's largest in terms of government revenue and value-added.
In Norway, most public sector employees worked within local government as of 2023, with a total of 574,498 employees, while the central government employed 328,959 individuals. [ 17 ] In terms of salaries, the central government sector in Norway offered the highest average monthly pay in 2022, with men earning 61,370 Norwegian kroner and women ...
The Standing Committee on Finance and Economic Affairs (Norwegian: Finanskomiteen) is a standing committee of the Parliament of Norway.It is responsible for policies relating to economic policy, monetary and credit policy, the financial and credit system, financial administration, block grants to municipalities and counties, taxes and duties to the State Treasury, state guarantees for exports ...
Norway has stopped its deep-sea mining plans due to political pressure. Environmentalists focus on Japan's aspirations as the International Seabed Authority (ISA) develops sea mining regulations.
Norway’s government said Thursday it will help ailing low-cost carrier Norwegian Air Shuttle - a U-turn from its previous refusal to do so - as long as the company manages to raise 4.5 billion ...
The Government agencies of Norway are state-controlled organizations that act independently to carry out the policies of the Government of Norway.The government ministries are relatively small and merely policy-making organizations, allowed to control agencies by policy decisions but not by direct orders.
Svalbard’s unique case. Although Svalbard is in Norwegian territory, and its government controls 99.5% of its land, there’s a sizable Russian presence in the archipelago, thanks to a treaty ...
Central government Local government Regional government In total; Individual taxpayers: 218.5 115.9 22.2 356.7 Tax on ordinary income 104.5 107.4 22.2 234.2 Surtax 19.0 - - 19.0 Employee's and self-employed's social security contributions 90.2 - - 90.2 Tax on net wealth 4.8 8.5 - 13.3 Businesses (whose taxes are payable the year after the ...
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