Norwegian political parties reported close to 700 million kroner in revenues last year

ParliamentPhoto: Håkon Mosvold Larsen / NTB

Last year, Norwegian political parties had revenues of almost NOK 700 million. That is a decrease of around NOK 85 million from the previous year, figures from Statistics Norway (SSB) show.

The parliamentary parties with the largest income in 2020 are the Labor Party (NOK 183.5 million), followed by the Conservatives (NOK 159 million), the Progress Party (NOK 78.6 million), and the Center Party (NOK 73.4 million), according to the SSB.

Part of the income of the parties is contributions from organizations, companies, and individuals.

Among the parties, the Labor Party, followed by the Conservatives, received the most in contributions. The Conservatives receive most of their contributions from commercial enterprises, while the Labor Party gets most of its revenues from working life organizations and private individuals.

Public support

The Labor Party received the most in public support – NOK 136.5 million – while the Conservatives received NOK 117.7 million. 

SSB figures show that the FRP received NOK 64.5 million in public support and that the Center Party got NOK 58.7 million.

Decrease in costs

The parties also reported an overall decrease in costs, which is probably due to less party activity during the corona pandemic.

Total costs were reported to amount to NOK 554.3 million. The decrease in expenses is mainly related to party activity costs.

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

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