National Budget 2011

National Budget 2011

These pages contain information in English about Norway's National Budget for 2011, presented to the Storting as Report no. 1 (2010-2011) on 5 October 2010. The National Budget presents the Government's programme for the implementation of economic policy and projections for the Norwegian Economy.

Royal Norwegian Ministry of Finance

Sigbjørn Johnsen
Minister of Finance
October 2010

Fiscal Budget 2011: A modest fiscal tightening

Level playing field for suppliers of electronic services

New Strategy Council for the Government Pension Fund Global

Main features of the Government’s tax programme for 2011

The National Budget 2011 - A summary

Budget 2011 - Key figures for the Norwegian economy

Press Release




5 October 2010


Press telephone , Telephone +47 22 24 44 11

New Strategy Council for the Government Pension Fund Global

In the National Budget 2011 the Ministry today announced the establishment of a new Strategy Council with four external members. The Strategy Council has been asked to write a report on the long term investment strategy of the Government Pension Fund Global and present this no later than 1 December 2010.

“Such independent and critical reviews will provide useful professional input while fostering greater transparency and discussion about important issues related to the long-term investment strategy of the Fund,” says Minister of Finance, Sigbjørn Johnsen.

In 2010, the Council will be chaired by Emeritus Professor of Finance Elroy Dimson (London Business School). The other members are Senior Portfolio Manager Antti Ilmanen (Brevan Howard), Senior Analyst Øystein Stephansen (DnB NOR Markets) and Professor in Finance and Rector Eva Liljeblom (Hanken School of Economics).

A further description of the Council’s members and the mandate is available on the Minstry’s web site.

While such reports will be produced regularly going forward, both the composition and mandate of the group may vary from time to time.


Mandate for Strategy Council
Members of the Strategy Council