Chapter 3 Demand and output

Not all government spending goes through the standard budget ex- ecution stages. Any government will have a number of extra budg- etary funds - special accounts and

3.2 Projections from IR 2/03: The CPI-ATE and the output gap with a sight deposit rate of 4 per cent and import-weighted krone. exchange rate equal to the average for 3/6

Norges Bank’s key rate has been lowered by 0.75 percentage point since Financial Stability 2/2003 and by 5.25 percentage points since December 2002. Stronger economic growth, partly

Over time, the structural non-oil central government budget deficit shall correspond to the expected real return, estimated at 4 per cent, on the Government Pension Fund -