The Fiscal Budget 2013 - Norway Exports

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The Fiscal Budget 2013

When Finance Minister Sigbjørn Johnsen presented the proposed fical budget for 2013 on Monday, he will have used only three of the permitted four percent from Norway's sovereign wealth fund.

Dagbladet predicted that Sigbjørn Johnsen would present a modest budget when he announces the fiscal budget for 2013 at Parliament Monday. The government is allowed to spend four percent annually from the sovereign wealth fund, but will most likely only include three percent in next year's budget.

In spite of the July 22nd commission's criticism of Norway's emergency response and preparedness, additional funds will not be set aside for measures against terror, according to NRK.

However, more money will be invested in public transportation - the "big winner" in next year's budget according to NRK. The Østfold railway will be expanded with an extra set of tracks, and a new tunnel will be built on the west coast between Bergen and Arna.

Paternity leave has been another topic of the discussion since it became known the Socialist Left Party wish for two more weeks of paternity leave has been granted, making the total leave period 49 weeks with 100 pay, or 59 weeks with 80 percent pay.

Kristin Halvorsen of the Socialist Left Party (SV) also proposed a lower legal limit for the minimum number of teachers per student in senior high school, but this will not be achieved through next year's budget. Instead, the government will set aside enough money to employ 600 more high school teachers.

Other highlights include more money to the volunteer sector, to real estate projects and municipal housing, as well as to a project to help young people find work. Norwegian duty rates on certain imported cheeses and meats will go up to help protect Norwegian farmers - one of the Agrarian Party's main political causes.

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