The Royal Norwegian Ministry of Finance (Norwegian: Finansdepartementet) is a Norwegian

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

 ministry

Ministry (government department)

A ministry is a specialised organisation responsible for a sector of government public administration, sometimes led by a minister or a senior public servant, that can have responsibility for one or more departments, agencies, bureaus, commissions or other smaller executive, advisory, managerial or...

 established in 1814. The ministry is responsible for state finance

Finance

"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...

, including the state budget, taxation and economic policy

Economy

An economy consists of the economic system of a country or other area; the labor, capital and land resources; and the manufacturing, trade, distribution, and consumption of goods and services of that area...

 in Norway. It is led by Sigbjørn Johnsen

Sigbjørn Johnsen

Sigbjørn Johnsen is a Norwegian politician for the Labour Party and the current Norwegian Minister of Finance....

 (Labour

Norwegian Labour Party

The Labour Party is a social-democratic political party in Norway. It is the senior partner in the current Norwegian government as part of the Red-Green Coalition, and its leader, Jens Stoltenberg, is the current Prime Minister of Norway....

). The department must report to the Parliament of Norway).

Organization

The ministry is divided into the following sections:

• Political staff
• Information Unit
• Asset Management Department
• Budget Department
• Financial Markets Department
• Tax Law Department
• Tax Policy Department
• Economic Policy Department
• Department of Administrative Affairs

Subsidiaries

The following government agencies

Government agency

A government or state agency is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an intelligence agency. There is a notable variety of agency types...

 are subordinate the ministry:

• Pension Fund Global
  The Government Pension Fund of Norway
  The Government Pension Fund of Norway comprises two entirely separate sovereign wealth funds owned by the Government of Norway:* The Government Pension Fund - Global...
  
  
• National Insurance Scheme Fund
  The Government Pension Fund of Norway
  The Government Pension Fund of Norway comprises two entirely separate sovereign wealth funds owned by the Government of Norway:* The Government Pension Fund - Global...
  
  
• Bank of Norway
• Norwegian Customs and Excise Authorities
• Norwegian Financial Supervisory Authority
• Norwegian Government Agency for Financial Management
• Norwegian National Collection Agency
  Norwegian National Collection Agency
  The Norwegian National Collection Agency is a Norwegian government agency responsible for the collection of all fines issued by the police as well as debt collection from defaulted government taxes or other government debts. The agency was founded in 1990 and is located in Mo i Rana. It is...
  
  
• Norwegian Tax Administration
• Statistics Norway
  Statistics Norway
  Statistics Norway is the Norwegian statistics bureau. It was established in 1876.Relying on a staff of about 1,000, Statistics Norway publish about 1,000 new statistical releases every year on its web site. All releases are published both in Norwegian and English...
  
  

The ministry also owns 19.1% of the Nordic Investment Bank

Nordic Investment Bank

The Nordic Investment Bank is an international financial institution founded in the mid-1970s by the five Nordic countries: Denmark, Finland, Iceland, Norway and Sweden. In 2005, Estonia, Latvia and Lithuania became members of the Bank. NIB’s headquarters are located in Helsinki, Finland...

External links

• Official web site