The State budget of Norway (Norwegian: Statsbudsjettet) is a budget passed by the Norwegian legislature, Storting, each year. It accumulates all income and expenses for the Government of Norway. The document defines the taxes to be collected, and what expenses will be accomplished.
The budget follows a fiscal year of January 1 to December 31. The proposition for the budget is made by the Ministry of Finance in the first week of October. This proposition is named Storting Proposition no. 1 or Yellow Book and is the governments suggestion for a budget. It is then considered by the Standing Committee of Finance.
If there is a majority government, the budget is normally passed without much change. In case of a minority government, which have been more the rule than the exception since the 1970s, the government party(s) must negotiate with enough opposition parties to pass it in the legislature. The responsibility to audit the accounts is at the Office of the Auditor General of Norway.
Other articles related to "state budget of norway, state":
... Operating costs Military 20,754 State roads 7,110 Railway 3,282 Police and prosecution 9,017 Courts 1,889 Prisons 2,291 Labour and welfare management 7,616 Tax administration 4,833 Pensions to state ...
Famous quotes containing the words norway, state and/or budget:
“Write about winter in the summer. Describe Norway as Ibsen did, from a desk in Italy; describe Dublin as James Joyce did, from a desk in Paris. Willa Cather wrote her prairie novels in New York City; Mark Twain wrote Huckleberry Finn in Hartford, Connecticut. Recently, scholars learned that Walt Whitman rarely left his room.”
—Annie Dillard (b. 1945)
“The duties which a police officer owes to the state are of a most exacting nature. No one is compelled to choose the profession of a police officer, but having chosen it, everyone is obliged to live up to the standard of its requirements. To join in that high enterprise means the surrender of much individual freedom.”
—Calvin Coolidge (1872–1933)
“You can fool all the people all the time if the advertising is right and the budget is big enough.”
—Joseph E. Levine (b. 1905)