Looking for a specific product?

Make a search for products & suppliers, articles & news.

The IMF presents views on the Norwegian economy

A mission from the International Monetary Fund (IMF) presented its views on the Norwegian economy and Norwegian economic policy. The mission’s report is supportive of the government’s fiscal policy and suggests that changes to the Norwegian tax system could further boost both productivity and economic growth.

The mission concludes that the government’s fiscal policy has been prudent, and that there is ample scope within the fiscal framework to support the growth should the economy soften significantly.

– I have noted the mission’s views, says Finance Minister Siv Jensen. At the same time I am also very concerned with how oil money is put to use. We should use it in a way that helps increase the productivity and growth potential of the economy.

The IMF’s mission team argues that a more neutral tax system can promote efficiency and growth and that a simpler tax system with fewer exemptions and preferences can create fiscal space for a reduction in overall tax rates.

– I agree with this, Ms. Jensen says. But I would like to add that the scope for tax reductions can be increased even further by also keeping expenditure in check.

 


To read the full press release, please visit regjeringen.no here.

Related news

Latest news

Important message at the “AKVAculture Day”

We won’t be able to create growth unless we can handle the industry’s challenges.

Visit from the Ministry of Trade Industry and Fisheries

The Ministry visited in order to learn more about the industry. 

Sohome's new 2018 catalogue is out

Sohome has produced a brand new catalogue. 

Servogear propelled ‘Future of The Fjords’ – Ship of the Year at SMM

The world’s largest maritime trade fair, 

Rapid electrification and rise of wind and solar drive massive expansion and automation of power grids, DNV GL finds

The report forecasts continuing rapid electrification, 

DOF Subsea awarded Frame Agreement and several short-term contracts

The Atlantic region has been awarded a Frame Agreement...

The world’s energy demand will peak in 2035 prompting a reshaping of energy investment

The electrification trend is already enveloping the automotive industry.

DNV GL forecasts gas capital expenditure boost to fuel the energy transition

While DNV GL’s model predicts global oil demand to peak in 2023,

Energy transition offers innovators a competitive edge through “carbon robust” ship designs

The energy transition is undeniable,” says Remi Eriksen