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Health and Fitness

Norway predicts budget deficit for 2023 amid energy crisis

The Norwegian Ministry of Finance predicted a budget deficit for 2023 due to high electricity prices, the influx of refugees from Ukraine and inflation. This was published by the press service of the Ministry of Finance of the kingdom.

“In 2023, state budget expenditures will increase significantly in key areas. Despite the fact that next year the state will also receive higher revenues, spending will increase even more,” the report said.

The ministry clarified that Norway’s need for financing the state budget in 2023 will amount to several tens of billions of crowns. National insurance, the reception of refugees from Ukraine, construction and subsidizing households against the backdrop of high electricity prices require the greatest spending.

On the eve of The Economist magazine wrote that Norway is “shamelessly profiting” against the backdrop of a special operation in Ukraine, receiving $ 200 billion a year for rising energy prices.,56750721.html

Prior to this, the Permanent Deputy Minister of Oil and Energy of Norway, Andreas Eriksen , expressed the opinion that the limit on gas prices could exacerbate the energy crisis in Europe.

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