natgillin/translations-raw huggingface dataset:
Over the medium term, growth is expected to rebalance away from domestic demand as macroeconomic policies tighten, the housing market gradually cools, and external demand slowly improves. 
Over the medium term, growth is expected to rebalance away from domestic demand as macroeconomic policies tighten, the housing market gradually cools, and external demand slowly improves.
Under this central scenario, mainland growth over the medium term is projected to be close to its trend rate of 2¾ percent. 
Under this central scenario, mainland growth over the medium term is projected to be close to its trend rate of 2¾ percent.
Eurozone economic turmoil. 
Eurozone economic turmoil.
Norway’s economy is better placed than many in Europe to weather an intensification of eurozone stress, given its low sovereign risk and the limited direct exposure of Norway’s banks to the most vulnerable eurozone countries. 
Norway’s economy is better placed than many in Europe to weather an intensification of eurozone stress, given its low sovereign risk and the limited direct exposure of Norway’s banks to the most vulnerable eurozone countries.
Nonetheless, severe stress would undoubtedly affect Norway via shaken consumer confidence, lower exports to Europe, lower oil prices, and strains in international interbank markets—a key funding source for Norway’s largest banks. 
Nonetheless, severe stress would undoubtedly affect Norway via shaken consumer confidence, lower exports to Europe, lower oil prices, and strains in international interbank markets—a key funding source for Norway’s largest banks.
Elevated house prices and high household debt. 
Elevated house prices and high household debt.
House prices have soared over the last decade and continue to climb at a rapid pace. 
House prices have soared over the last decade and continue to climb at a rapid pace.
Although this may partly reflect supply constraints and solid population growth, standard metrics suggest a risk of overvaluation: Norway has the highest house price-to-rent ratio relative to its historical average amongst all OECD economies, and the house price-to-income ratio exceeds levels reached prior to the late 1980s house price crash. 
Although this may partly reflect supply constraints and solid population growth, standard metrics suggest a risk of overvaluation: Norway has the highest house price-to-rent ratio relative to its historical average amongst all OECD economies, and the house price-to-income ratio exceeds levels reached prior to the late 1980s house price crash.
A fall in house prices poses a major macroeconomic risk, as it would dampen consumption via wealth effects and reduce residential investment. 
A fall in house prices poses a major macroeconomic risk, as it would dampen consumption via wealth effects and reduce residential investment.
Moreover, Norway has one of the highest ratios of household debt to disposable income amongst OECD economies. 
Moreover, Norway has one of the highest ratios of household debt to disposable income amongst OECD economies.
Very high household debt levels imply that a house price drop could also push up default rates and stress banks’ balance sheets. 
Very high household debt levels imply that a house price drop could also push up default rates and stress banks’ balance sheets.
This relatively benign central scenario is subject to significant risks, including: 
This relatively benign central scenario is subject to significant risks, including:
Near-Term Macroeconomic Policies: A careful policy mix will help reduce risks while supporting growth. 
Near-Term Macroeconomic Policies: A careful policy mix will help reduce risks while supporting growth.
Guidelines introduced by the Financial Supervisory Authority (FSA) in 2010 establishing recommended limits on loan-to-value (LTV) and loan-to-income (LTI) ratios on mortgages, as well as the recent FSA proposal to tighten these limits further, are welcome. 
Guidelines introduced by the Financial Supervisory Authority (FSA) in 2010 establishing recommended limits on loan-to-value (LTV) and loan-to-income (LTI) ratios on mortgages, as well as the recent FSA proposal to tighten these limits further, are welcome.
However, these limits are not hard caps. 
However, these limits are not hard caps.
As a result, the percentage of loans exceeding the recommended limits continues to rise. 
As a result, the percentage of loans exceeding the recommended limits continues to rise.
More binding limits are thus necessary to achieve the desired reduction in high-risk loans and household indebtedness. 
More binding limits are thus necessary to achieve the desired reduction in high-risk loans and household indebtedness.
Minimum risk weights on mortgages should be raised, in coordination with other Nordic countries to limit the risk that such tightening will be undermined by cross-border regulatory arbitrage. 
Minimum risk weights on mortgages should be raised, in coordination with other Nordic countries to limit the risk that such tightening will be undermined by cross-border regulatory arbitrage.
Banks should also be encouraged to restrain dividends and remuneration, given heightened risks both domestically and abroad and to ensure steady progress toward raising core tier 1 equity to Basel III levels. 
Banks should also be encouraged to restrain dividends and remuneration, given heightened risks both domestically and abroad and to ensure steady progress toward raising core tier 1 equity to Basel III levels.
Macroprudential policies should gradually tighten to reduce risks associated with high household debt and elevated house prices: 
Macroprudential policies should gradually tighten to reduce risks associated with high household debt and elevated house prices:
The broadly neutral fiscal stance for 2012 envisaged in the budget is appropriate, given heightened global risks and conditional on macroprudential tightening. 
The broadly neutral fiscal stance for 2012 envisaged in the budget is appropriate, given heightened global risks and conditional on macroprudential tightening.
Norway has been well served by its fiscal guidelines, which call for gradual phasing in of petroleum revenues. 
Norway has been well served by its fiscal guidelines, which call for gradual phasing in of petroleum revenues.
Within these guidelines and given the closing output gap, fiscal adjustment is needed over the medium term to rebuild precautionary fiscal buffers and to ensure that the guidelines are met on average over the cycle. 
Within these guidelines and given the closing output gap, fiscal adjustment is needed over the medium term to rebuild precautionary fiscal buffers and to ensure that the guidelines are met on average over the cycle.
Medium-term adjustment will also help reduce the large long-run fiscal gap (see below). 
Medium-term adjustment will also help reduce the large long-run fiscal gap (see below).
However, macroprudential and fiscal tightening should be sequenced carefully to avoid excessively contractionary policy, especially given heightened global risks. 
However, macroprudential and fiscal tightening should be sequenced carefully to avoid excessively contractionary policy, especially given heightened global risks.
Of the two, macroprudential tightening is the more pressing near-term priority and should proceed first. 
Of the two, macroprudential tightening is the more pressing near-term priority and should proceed first.
Fiscal tightening would be appropriate starting in 2013 under the central scenario. 
Fiscal tightening would be appropriate starting in 2013 under the central scenario.
Tighter macroprudential and medium-term fiscal policies should allow monetary policy to stay loose for longer. 
Tighter macroprudential and medium-term fiscal policies should allow monetary policy to stay loose for longer.
The contractionary effects from macroprudential and fiscal tightening can be offset by keeping monetary policy looser than it would be otherwise, thereby ensuring that inflation rises to the target by the end of the policy horizon and that the output gap stays closed. 
The contractionary effects from macroprudential and fiscal tightening can be offset by keeping monetary policy looser than it would be otherwise, thereby ensuring that inflation rises to the target by the end of the policy horizon and that the output gap stays closed.
Such a mix of relatively tight fiscal and loose monetary policy would also contain risks of excessive exchange rate appreciation and associated competitiveness problems. 
Such a mix of relatively tight fiscal and loose monetary policy would also contain risks of excessive exchange rate appreciation and associated competitiveness problems.
However, policies should adjust if shocks cause major deviations from the central scenario. 
However, policies should adjust if shocks cause major deviations from the central scenario.
Monetary policy should be the first line of defense, as it can react more nimbly. 
Monetary policy should be the first line of defense, as it can react more nimbly.
In particular, a sharper-than-expected deterioration of external conditions could necessitate monetary easing. 
In particular, a sharper-than-expected deterioration of external conditions could necessitate monetary easing.
Conversely, if macroprudential tightening does not occur or is ineffective in arresting risks associated with high house price and household debt levels, monetary policy would need to tighten. 
Conversely, if macroprudential tightening does not occur or is ineffective in arresting risks associated with high house price and household debt levels, monetary policy would need to tighten.
Structural Reforms: Promoting economic stability and growth over the longer run. 
Structural Reforms: Promoting economic stability and growth over the longer run.
Norway faces large long-run fiscal challenges. 
Norway faces large long-run fiscal challenges.
Oil revenue, as well as non-oil revenue that is indirectly dependent on oil production, is projected to decline over time as a percent of mainland GDP. 
Oil revenue, as well as non-oil revenue that is indirectly dependent on oil production, is projected to decline over time as a percent of mainland GDP.
At the same time, spending on healthcare and age and disability pensions will steadily increase—even after the cost-saving effects of recent pension reforms—due to population aging and the trend increase in demand for healthcare services as a percent of income. 
At the same time, spending on healthcare and age and disability pensions will steadily increase—even after the cost-saving effects of recent pension reforms—due to population aging and the trend increase in demand for healthcare services as a percent of income.
In addition, the large drop in real long-term interest rates in major economies over the last decade suggests that the real return on the oil fund may well fall short of the assumed 4 percent for an extended period. 
In addition, the large drop in real long-term interest rates in major economies over the last decade suggests that the real return on the oil fund may well fall short of the assumed 4 percent for an extended period.
Although official long-run budget projections also contain elements of conservatism (e.g., a conservative oil price), on balance these factors indicate that Norway faces a large long-run fiscal gap—likely in excess of 10 percent of mainland GDP by 2060. 
Although official long-run budget projections also contain elements of conservatism (e.g., a conservative oil price), on balance these factors indicate that Norway faces a large long-run fiscal gap—likely in excess of 10 percent of mainland GDP by 2060.
Requiring employers to contribute to longer-term sick leave benefits (currently they contribute only for the first 16 days) to improve their incentives to accept returning workers and to monitor use of longer-term sick leave; this would need to be offset by cuts in employer payroll taxes or a reduction in the days for which employers pay 100 percent of benefits in order to keep overall employment costs unchanged. 
Requiring employers to contribute to longer-term sick leave benefits (currently they contribute only for the first 16 days) to improve their incentives to accept returning workers and to monitor use of longer-term sick leave; this would need to be offset by cuts in employer payroll taxes or a reduction in the days for which employers pay 100 percent of benefits in order to keep overall employment costs unchanged.
Increasing the use of social security physicians in assessing eligibility for disability benefits in order to promote more uniform assessments and limit abuse. 
Increasing the use of social security physicians in assessing eligibility for disability benefits in order to promote more uniform assessments and limit abuse.
Reforming public sector pensions in line with recent reforms of the National Insurance Scheme in order to increase incentives to remain in the labor force. 
Reforming public sector pensions in line with recent reforms of the National Insurance Scheme in order to increase incentives to remain in the labor force.
Changing the annual increase in pensions from wage growth minus 0.75 percent to the more internationally common practice of CPI inflation. 
Changing the annual increase in pensions from wage growth minus 0.75 percent to the more internationally common practice of CPI inflation.
This would yield fiscal savings while preserving the real value of pensions during an individual’s retirement. 
This would yield fiscal savings while preserving the real value of pensions during an individual’s retirement.
Addressing this challenge requires continued reform on multiple fronts. 
Addressing this challenge requires continued reform on multiple fronts.
To help smooth out the required adjustment, consideration should be given to gradually spending less than 4 percent of the oil fund’s capital. 
To help smooth out the required adjustment, consideration should be given to gradually spending less than 4 percent of the oil fund’s capital.
In addition, it will be crucial to build broad public consensus for further entitlement reforms aimed at reducing costs, increasing efficiency, and bolstering employment, while maintaining a strong safety net for those in need. 
In addition, it will be crucial to build broad public consensus for further entitlement reforms aimed at reducing costs, increasing efficiency, and bolstering employment, while maintaining a strong safety net for those in need.
In this regard, recent reforms to enhance monitoring of sick leave benefits, for which enrollment rates are very high by international standards, are welcome. 
In this regard, recent reforms to enhance monitoring of sick leave benefits, for which enrollment rates are very high by international standards, are welcome.
Options for further reform include the following: 
Options for further reform include the following:
The very large implicit subsidies for owner-occupied housing in Norway’s tax code encourage households to accumulate excessive mortgage debt while disproportionately benefiting high-income households. 
The very large implicit subsidies for owner-occupied housing in Norway’s tax code encourage households to accumulate excessive mortgage debt while disproportionately benefiting high-income households.
Reducing these subsidies—with offsetting tax cuts elsewhere—would strengthen financial stability while increasing progressivity and economic efficiency. 
Reducing these subsidies—with offsetting tax cuts elsewhere—would strengthen financial stability while increasing progressivity and economic efficiency.
As with macroprudential measures, such reforms would need to be phased in gradually to avoid excessive disruptions to housing markets. 
As with macroprudential measures, such reforms would need to be phased in gradually to avoid excessive disruptions to housing markets.
Tax reforms could also promote financial stability by reducing incentives for excessive leverage in both the financial and nonfinancial corporate sectors. 
Tax reforms could also promote financial stability by reducing incentives for excessive leverage in both the financial and nonfinancial corporate sectors.
In this regard, one option worth consideration is the introduction of a tax allowance for increases in equity of the non-oil corporate sector. 
In this regard, one option worth consideration is the introduction of a tax allowance for increases in equity of the non-oil corporate sector.
Fiscal space for such a reform could be created by offsetting changes elsewhere in the income tax code. 
Fiscal space for such a reform could be created by offsetting changes elsewhere in the income tax code.
Tax reforms could bolster financial stability, economic efficiency, and equity: 
Tax reforms could bolster financial stability, economic efficiency, and equity:
Financial stability may also benefit from establishing a more formal framework for countercyclical macroprudential policy. 
Financial stability may also benefit from establishing a more formal framework for countercyclical macroprudential policy.
The key objective of such policy is to mitigate the build-up of systemic risk via the use of targeted instruments, such as time-varying adjustments in capital ratios, LTV limits, LTI limits, and risk weights on assets. 
The key objective of such policy is to mitigate the build-up of systemic risk via the use of targeted instruments, such as time-varying adjustments in capital ratios, LTV limits, LTI limits, and risk weights on assets.
In the wake of the global financial crisis, many countries—including Norway— are considering strengthening their institutional set-up for macroprudential policymaking. 
In the wake of the global financial crisis, many countries—including Norway— are considering strengthening their institutional set-up for macroprudential policymaking.
Good guiding principles for such reforms include to promote operational independence in order to shield macroprudential policy from political cycles, as with monetary policy; to establish clear lines of accountability; to facilitate information-sharing across policymaking institutions; and to bolster the role of the central bank in order to harness its macroeconomic expertise and promote coordination with liquidity management, payment systems oversight, and monetary policy. 
Good guiding principles for such reforms include to promote operational independence in order to shield macroprudential policy from political cycles, as with monetary policy; to establish clear lines of accountability; to facilitate information-sharing across policymaking institutions; and to bolster the role of the central bank in order to harness its macroeconomic expertise and promote coordination with liquidity management, payment systems oversight, and monetary policy.
A number of institutional arrangements could achieve these objectives, including the one recently proposed by Norway’s Financial Crisis Commission, especially if mechanisms are included to ensure robust collaboration between the FSA and the central bank in regard to risk identification and information sharing. 
A number of institutional arrangements could achieve these objectives, including the one recently proposed by Norway’s Financial Crisis Commission, especially if mechanisms are included to ensure robust collaboration between the FSA and the central bank in regard to risk identification and information sharing.
We are grateful for the very warm welcome extended by all that we have met during our discussions. 
We are grateful for the very warm welcome extended by all that we have met during our discussions.
Webcast from the press conference 
Webcast from the press conference
Press release from the Ministry of Finance, Norway 
Press release from the Ministry of Finance, Norway
IMF presents its views on the Norwegian economy 
IMF med ny vurdering av norsk økonomi - artikkel IV konsultasjon 2011
Former Prime Minister Odvar Nordli 
Tidligere statsminister Odvar Nordli
(Government period 15 January 1976 - 4 February 1981) 
(Perioden 15. januar 1976 - 4. februar 1981)
Former State Secretary Kristian Dahlberg Hauge (Progress Party) 
Tidligere statssekretær Kristian Dahlberg Hauge (FrP)
Born: 1977 Marital status: Married, two children 
Født: 1977 Sivilstatus: Gift, to barn
Municipality Councillor, Municipality of Trondheim, 2003-2013 Fire Engineer, Trondheim Fire Service, 2001-2003 County Secretary of Sør-Trøndelag Progress Party, 2000-2001 
Kommunalråd i Trondheim kommune, 2003–2013 Branningeniør i Trondheim brannvesen, 2001–2003 Fylkessekretær Sør-Trøndelag FrP, 2000–2001
Master of Science, civil and environmental engineering (sivilingeniør), NTNU, 2000 
Sivilingeniør fra NTNU, Bygg- og miljøteknikk, 2000
Photo archive of Ronny Røste 
Bilder
Child mortality was halved in the period from 1990 to 2013, but still 6.3 million children die every year before they reach the age of five. 
Fra 1990 til 2013 er verdens barnedødelighet blitt halvert, men fortsatt dør 6,3 millioner barn hvert år før de fyller fem år.
The number of children without access to schooling has been halved since 1990, but 58 million children and 70 million young people do not attend school today. 
Antallet barn uten skoletilbud er halvert siden 1990, men 58 millioner barn og 70 millioner ungdommer går i dag ikke på skole.
‘Despite the progress that has been made, the health situation in many parts of the world is precarious. 
- Til tross for stor fremgang, er helsesituasjonen i mange deler av verden svært sårbar.
The quality of education is poor in many countries, and girls in particular often leave school far too early. 
Kvaliteten på utdanning er svært mangelfull i mange land, og spesielt jenter slutter alt for tidlig på skolen.
Development policy in the future will entail more than just aid. 
Fremtidens utviklingspolitikk er ikke bare bistand.
We must all pull together,’ said Minister of Foreign Affairs Børge Brende. 
Her må alle krefter bidra, sier utenriksminister Børge Brende.
Once they are adopted, the new goals will apply for all countries, including Norway. 
De nye bærekraftsmålene vil gjelde for alle land i verden, inkludert Norge.
These are increasingly affecting poor countries as well. 
Dette rammer også i økende grad fattige land.
For more information, see http://www.norad.no/no/aktuelt/visjon-2030 (in Norwegian only) 
For mer informasjon, se www.norad.no/Visjon2030
A new set of global sustainable development goals for the period up to 2030 are to be adopted at the UN General Assembly in 2015. 
FNs generalforsamling skal i 2015 vedta nye, globale bærekraftsmål for årene frem mot 2030.
State Secretary André R. Kolve (Progress Party) 
Kolve (FrP)
Director General Amund Noss 
Tidligere ekspedisjonssjef Amund Noss
Tax Law Department 
Skattelovavdelingen
Norway has earlier decided to support the Action Plan for 2015-2017 with 25 million NOK (about 3 million euros). 
Fra før har Norge besluttet å støtte handlingsplanen for 2015-2017 med 25 millioner kroner (tilsvarende tre millioner euro).
Total Norwegian support thus amounts to 35 million NOK. 
Samlet utgjør norsk støtte dermed 35 millioner kroner.
This makes Norway one of the main contributors to the Council of Europe's Action Plan. 
Dette gjør Norge til en av de største bidragsyterne til Europarådets handlingsplan.
For more information about the Norwegian support to Ukraine (in Norwegian), see here and here. 
For mer informasjon om den norske støtten til Ukraina, se:
- Norway supports the Council of Europe's Action Plan for Ukraine 
Norge støtter Europarådets handlingsplan for Ukraina
Norway's support for the Council of Europe's Action Plan for Ukraine will increase by 10 million NOK in 2016. 
Norge øker støtten til Europarådets handlingsplan for Ukraina med ti millioner kroner i 2016.
State Secretary Paal Bjørnestad (Rune Kongsro) 
Statssekretær Paal Bjørnestad (Rune Kongsro)
State Secretary Astrid Nøklebye Heiberg (Conservative Party) 
Statssekretær Astrid Nøklebye Heiberg (H)
2013 
Flere bilder
Born: 1936 Marital status: Married with two children 
Født: 1936 Sivilstatus: Gift, to barn
Education/Professions: 
Utdanning/Yrkesliv:
2003-2004 
1985-1989
Photo Gallery of State Secretary Astrid Nøklebye Heiberg 
Bilder av statssekretær Astrid Nøklebye Heiberg
Download print version 
Last ned høyoppløselig versjon