Vil bruke 608,4 milliarder oljekroner neste år

The Norwegian Finance Ministry announced the first part of the government's 2027 budget at 08:00, with the complete budget to follow at 10:00. Oil revenue is set to remain limited to three percent of the Norwegian Oil Fund's value. The proposal suggests oil expenditure will account for 2.7 percent of the fund, aiming to match the fund's annual earnings to avoid depleting its reserves.

The fund's current value stands at approximately 22.140 billion kroner. The ministry claims oil revenue will have "a neutral effect on economic activity next year," according to a press release. The ministry notes that while the Norwegian economy is performing well, growth has slowed in the past year. Factors such as global uncertainty and rising expectations for price increases and interest rates in recent half a year have impacted the economy.

The proposed budget will be discussed in the autumn to secure a majority in the Storting. Among the budget's proposed increases are funds for defense, a top sports center, and a national clock. The government plans to increase the fixed price for electricity supply from 2027, provide 6.4 billion in tax cuts, and reduce electric vehicle incentives.

At 08:00, the Finance Ministry released certain key figures as they could influence the market. At 10:00, the government's proposal for the 2027 budget will be unveiled, consisting of three main documents: the national budget, the green book, and the tax proposal. At 13:00, Finance Minister Jens Stoltenberg will hold a press conference.

Apart from oil expenditure, the government has also presented several key figures and estimates for the Norwegian economy. The government anticipates a decline in economic growth this year, followed by a recovery next year.