Norway 2012.
OECD's 2012 Economic Survey of Norway examines recent economic developments, policies and prospects, and includes more detailed analyses of value for money in public spending and capital tax reform.
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
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Paris :
OECD
2012.
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| Colección: | OECD Economic Surveys
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| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009705139706719 |
Tabla de Contenidos:
- Table of contents; Basic statistics of Norway (2010); Executive summary; Key recommendations; Assessment and recommendations; Protected from the worst of the crisis by petroleum wealth and a sound macroeconomic policy framework, Norway continues to enjoy high levels of income and well-being; Figure 1. Gini coefficients before and after taxes and transfers; I. Macroeconomic policies to support sustainable growth; The economy has been resilient despite the high level of uncertainty in the euro area; Fiscal policy continues to benefit from prudent management of petroleum revenues
- Table 1. Main macroeconomic and financial indicatorsBox 1. The Norwegian macroeconomic policy framework; Table 2. Budget deficits 2001-12; Figure 2. Value of the Government Pension Fund Global; Figure 3. Immigration, wages and unemployment; Public accountability in fiscal policy; Monetary policy credibility allows interest rates to be kept low; Figure 4. Cyclical developments; Real estate prices have continued to grow strongly; Figure 5. House prices and household debt in selected OECD countries; Figure 6. Vulnerabilities in the Norwegian banking sector
- Box 2. Summary of recommendations on macroeconomic policyII. Labour market policies; Public sector employment helped to sustain the labour market through the recession; Figure 7. Employment in the private and public sector; Figure 8. Labour force participation rates1 in 2010: an international comparison; Reforms in the sickness and disability schemes, and in public sector pensions, still fall short of what is needed; Figure 9. Population structure, 2010; Box 3. Summary of recommendations on labour-market policy; III. Raising public spending efficiency
- Petroleum wealth allows high public expenditureFigure 10. General government total outlays1 in 2010 or latest year available; The budgetary planning horizon; Monitoring of public expenditure "output" has improved; Regional policy is popular, but output is hard to measure, although its cost is becoming easier to identify; Table 3. Budgeting for regional policy; An array of good public expenditure assessment tools could be used more coherently; Box 4. Summary of recommendations on value for money and public spending; IV. Reform of capital taxation
- Progressive, broadly-based labour income taxation is a feature of Norway's dual income tax systemTaxation of savings and wealth pursues many aims, often ineffectively; Figure 11. Household wealth and debt, second quarter 2009; Table 4. Effective tax rates on the real income from different assets; Re-alignment of effective tax rates is feasible; Norway's wealth tax raises little revenue, but imposes very high marginal effective tax rates on capital income; The tax base of the gift and inheritance tax should be broadened; Figure 12. Revenue from gift and inheritance taxation, 20101
- Box 5. Summary of recommendations on the taxation of savings and wealth
