Due to high electricity prices, Norway’s government plans to cut electricity taxes by 2.9 billion kroner

Charger - electricity pricesPhoto: Gorm Kallestad / NTB
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Due to the high electricity prices, the new government is proposing a cut in electricity taxes of NOK 2.9 billion.

Minister of Finance Trygve Slagsvold Vedum (SP) announced the information on Monday morning, according to Norwegian Broadcasting (NRK). 

At noon, the government will present its proposal for changes in the state budget.

“In the winter months, from January to March, we plan to cut the electricity tax by about 48%. The rest of the year, we will cut it by about 9%,” Vedum told NRK.

He described the measure as a heavy cut. The state will receive NOK 2.9 billion less revenue from electricity taxes during the next year, compared to this year.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayNews

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