Economic Policy

Norway’s economic policy is designed to stabilize and counteract unemployment and inflation, to stimulate growth and to influence the structure of industry and the distribution of income.

Regions with little industry are subject to more lenient taxation than other areas, and credit institutions have been established to provide support to the regional industrial sector as well as agriculture, fisheries and certain other industries. The purpose of these schemes is to promote innovation, maintain traditional industry or prevent the sudden disappearance of local industry.

In addition to their financial and credit policies, the central authorities have implemented an income policy which involves taking measures to influence the outcome of the wage, agricultural and fisheries settlement negotiations and more.
The distribution of income is achieved primarily through the regulation of and rates for income tax and social benefits, including the National Insurance Scheme.

Tax agreements for research and development expenditures, as well as state support for research have been implemented to promote the growth of new industry.

Source: Edited from Aschehoug and Gyldendal's Norwegian Encyclopedia   |   Share on your network   |   print