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‘Basic amount’ for calculating certain state benefits increased on 1 May 2024
25 June 2024
1 min read
At a glance
- From 1 May 2023 until 1 May 2024, the ‘basic amount’ used for the Norwegian social security scheme (known as grunnbeløpet or ‘G’) was NOK118,620.
- Following the conclusion of the social security settlement in May 2024, the basic amount was set at NOK124,028 from 1 May 2024. The adjusted basic amount was formally adopted on 24 May 2024.
- The new settlement constitutes an increase in the basic amount of 4.56% from 1 May 2023 to 1 May 2024.
- The basic amount is used, among other things, for the purposes of calculating benefits payable by the Norwegian government including parental benefits and employee sick pay.