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Borders closed by the Crown mean that Norwegians buy more beer, wine and spirits in their home country. Give a coin that rings in the coffers of the Minister of Finance, Jan Tore Sanner (H).
The queue at Vinmonopolet on Grünerløkka in Oslo speaks its language plain: In the year of the crown, Norwegians have bought much more beer, wine and spirits in their home country. Reference is also made to state revenue from alcohol and tobacco taxes. Photograph: Håkon Mosvold Larsen / NTB
The new budget balance, which is now being finalized at the Storting, reveals exactly how much more the authorities plan to collect taxes on alcohol and tobacco in 2020:
* Alcohol tax revenue increases by $ 2.9 billion, compared to previous estimates.
* Tobacco revenue increased by $ 2.1 billion.
The reason is, among other things, that 2020 will be a historically good year for Vinmonopolet.
– Probably around 115 million liters will be sold during the year, against 82.6 million liters in 2019, a growth of around 40 percent, the company itself recently wrote.
– The reason is the closure of borders with Sweden, almost a complete interruption of duty-free trade and a significant reduction of the discharge as a result of the crown measures of the authorities.
Help is growing
The sharp increase in taxes on alcohol and tobacco is just one of many manifestations of the corona pandemic in this year’s budget.
In next year’s budget negotiations, the Progress Party made a lot of noise about the aid percentage of 1 percent of gross national income (GNI). In its alternative budget, the party saved NOK 11.4 billion by reducing the aid level to 0.7%.
But for the current year, the government plans to spend NOK 600 million more than 1 percent of GNI on development assistance. The money comes from a NOK 1.14 billion grant for international work to combat the pandemic.
– Probably not something we would have prioritized. It’s good that international efforts to combat the pandemic are getting stronger, but then on the other hand, other initiatives within the development assistance budget could have been cut at the same time, FRP fiscal politician Sivert Bjørnstad tells NTB.
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Oslo says thank you
The budget also includes the conclusion of what Oslo has lost in 2020 in the sense that the municipality says no thanks to the “supply package” from the state of last year’s toll agreement.
In short, this means that the state will increase its share of financing large investments in public transportation from 50 percent to 66 percent, but that half of the 16 percentage point increase should go to toll cuts.
This year, the capital will lose a total of NOK 604 million due to the fact that no supplementary agreement to the urban growth agreement will be signed for the Oslo area in 2020 to follow up on the 2019 toll agreement.
Of this, 277 million would go to public transport and an amount corresponding to toll cuts.
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Car taxes plummet
The budget also makes clear why electric car policy, and auto taxes in general, will be a big issue in this fall’s election: Treasury revenue will plummet.
* Revenues from the single tax will be reduced by 2.6 billion this year.
* At the same time, revenues from diesel tolls are reduced by 500 million and gasoline tolls by a corresponding amount.
The government parties Høyre, Venstre and KrF are now negotiating with Frp in the Storting on the balanced budget.
The case will be presented on Wednesday and the budget will be approved on Saturday.
The 2020 budget is mostly a crown budget. The government has spent an additional 131 billion kronor of oil on measures to counteract the negative consequences for the economy. This year, 3.9 percent of the oil fund is used, which corresponds to NOK 392.5 billion.
