Norway: Selected Issues
IMF Staff Country Reports, September 5, 2013
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- Canonical URL
- Norway: Selected Issues
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Bibliographic details
- Published: September 5, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475528862.002
Main findings on competitiveness and fiscal policy
- The success of the oil sector has created new competitiveness challenges.
- Rapid increases in oil wealth are adding further pressures on the economy despite sound oil revenue management anchored by a fiscal rule.
- A slower rate of spending could better align the expected fiscal transfers with the expected long run aging-related costs that peak only after oil production is largely over.
Policy implications and recommendations
- Maintain sound oil revenue management anchored by the fiscal rule.
- Consider slowing the rate of spending of oil revenues to better match fiscal transfers with future aging-related costs that peak after oil production declines.
Thematic coverage and analytical focus
- Subject areas: Commodities, Fiscal policy, Fiscal transfers, Housing prices, Income, National accounts, Oil, Oil prices, Prices.
- Keywords included in the analysis: asset price cycle, competitiveness database, CR, Fiscal transfers, Global, GPFG asset, house price correction, house price valuation gap, Housing prices, IMF staff calculation, Income, ISCR, mainland economy, market share, Oil, oil price, Oil prices.
Content in this bundle
- Long-Term Competitiveness in Norway