Government debt management
The Ministry of Finance is responsible for managing Norway's government debt, but has delegated operational tasks to Norges Bank. Under a mandate laid down by the Ministry, the Bank shall meet the government's borrowing requirements and manage government debt outstanding.
The mandate requires Norges Bank to formulate a borrowing strategy that describes how the Bank will reach the objective of meeting the government's borrowing requirement at the lowest possible cost within the limits set by the mandate. Each year, the Bank shall present a borrowing programme that sets out planned borrowing and contains a calendar for debt issues.
The Bank shall prepare public quarterly and annual reports on the management of government debt.