Norway's fiscal year coincides with the calendar year. As one of the per capita richest countries in the world, Norway has a great deal of money to spend on investment, focusing especially on the offshore oil sector. The government maintains a Petroleum Fund that reached $67 billion at the end of 2001. The Fund will be used to finance government programs once oil and gas resources are depleted.
The US Central Intelligence Agency (CIA) estimates that in 2000 Norway's central government took in revenues of approximately $71.7 billion and had expenditures of $57.6 billion. Overall, the government registered a surplus of approximately $14.1 billion. External debt totaled $0.
The following table shows an itemized breakdown of government revenues and expenditures. The percentages were calculated from data reported by the International Monetary Fund. The dollar amounts (millions) are based on the CIA estimates provided above.
|REVENUE AND GRANTS||100.0%||71,700|
|General public services||5.4%||3,095|
|Public order and safety||2.3%||1,343|
|Housing and community amenities||0.5%||271|
|Recreation, cultural, and religious affairs||1.2%||703|
|Economic affairs and services||11.2%||6,477|