The Norwegian Local Government Sector
The strong financial position of the Norwegian local government sector and the strict financial framework within which it operates make the sector a highly creditworthy borrower.
Norway’s Counties and Municipalities form an integral part of the national economy. A large part of welfare and infrastructure provisions in Norway are assigned to the Local governments.
Local governments receive a large proportion of revenue from central government transfers, in order to ensure a unified service delivery throughout the country.
The local government sector is responsible for welfare services such as health care, education, transport and infrastructure.
Borrowings may only finance primary municipal investments. No commercial projects or guarantees for private-sector third parties are permitted.
There are three levels of government in Norway responsible for the provision of social services and infrastructure. KBN's clients are the counties and municipalities.