Videreføringfasen

Videreføringfasen refers to a phase in the Norwegian government's budgeting process, specifically in the context of the state budget. It begins on October 1 and concludes on June 30 of each year. During this period, the Ministry of Finance (Finansdepartementet) is responsible for continuing the work on the state budget.

A key aspect of videreføringfasen is the analysis and evaluation of budget proposals submitted by various government agencies and ministries. These proposals undergo detailed assessments, considering both the budget's financial impact and its alignment with the government's policy priorities.

As the fiscal year ends on December 31, the continuing phase starts with the completion of several essential tasks. These include the finalization of budget calculations, the identification of any financial shortfalls or surpluses, and the development of a comprehensive budget plan.

Throughout the process, the Ministry of Finance works closely with other government departments to ensure that their budget proposals are taken into account. Factors such as changes in the economic environment, income projections, and expenditures are all carefully considered.

When preparing the state budget, the Ministry of Finance uses a range of tools and models to facilitate the budgetary process. The final state budget is presented to the Storting (Parliament) for debate and approval before its adoption. The adoption of the state budget typically takes place in the period following the Storting's summer recess, usually between the end of June and the beginning of July. Upon approval, the budget enters into force on January 1 of the following year.

In summary, the videreføringfasen is an integral component of the Norwegian government's budgeting process, marked by thorough analysis and evaluations of budget proposals, as well as planning and coordination with other government departments.