Finance Minister Stoltenberg promises tax relief and lower electricity price in upcoming budget

At a press briefing in Oslo, Finance Minister Jens Stoltenberg announced that the forthcoming state budget will feature cuts to income tax and a modest increase in the regulated electricity price, intended to leave households with more purchasing power. He indicated that the full budget will be unveiled at 08:00, after which the government will provide an update on how the plan may affect interest-rate pressures. Stoltenberg linked the tax relief to broader goals of maintaining low unemployment and ensuring economic stability.

He also highlighted the importance of the budget for young people, citing job creation, increased school funding, and continued investment in national defence. The minister stressed that the overall aim is to give citizens better financial footing while keeping the economy orderly.