The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
This paper examines the development of general government finances in Norway during 1988-96. The paper looks at general government revenue and expenditure in detail, examines the importance of revenue from the petroleum sector for general government finances, and reviews developments in the general government balance sheet. The paper also analyzes the conduct of fiscal policy over 1988-96, and compares the development of the authorities' estimates of the state budget's fiscal impulse with the development of the IMF staff's estimates of changes in the non-petroleum, general government structural balance.