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An invention that, when unfolded, occupies more than the interior space of the car.
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Eitt uppfinnilsi, sum útfoldað fyllir meira enn inniarealið á bilinum.
An invention that can only be spread out, but not folded together.
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Eitt uppfinnilsi, sum bara kann breiðast út, men ikki leggjast saman.
An invention that resembles an old handkerchief, if you nevertheless try to fold it.
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Eitt uppfinnilsi, sum líkist einum gomlum lummaturriklæði, um ein kortini roynir at leggja tað saman.
Always light a candle if you find something interesting in a shop window.
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Tendrar altíð, um tú finnur okkurt áhugavert í einum handilsvindeyga.
Always lights up when you have just found something interesting in the nose.
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Tendrar altíð, um tú akkurát hevur funnið okkurt spennandi í nøsini.
An invention that makes it possible to become trapped in a car without destroying the car.
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Uppfinning, sum ger tað møguligt at blíva fastkroystur í einum bili uttan at oyðileggja bilin.
An invention that makes it possible to remain handcuffed hand in hand with your wife without destroying the car.
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Uppfinning, sum ger tað møguligt at blíva fastkroystur hond í hond við konuni uttan at oyðileggja bilin.
An invention that makes it possible to talk with friends and family during a traffic accident.
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Uppfinning, sum ger tað møguligt at tosa við vinir og familju undir eini ferðsluvanlukku.
A room where the door is either stuck in reverse (won’t close), or cannot be closed at all.
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Eitt rúm, har hurðin antin er farin í baklás, ella als ikki kann latast aftur.
In the 1998–1999 school year, all students in the Faroe Islands who were in 9th grade attended the so-called day course of Ferðslutrygd.
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Skúlaárið 1998-1999 vóru allir næmingar í Føroyum, sum gingu í 9. flokki á sonevndum dagskeiði hjá Ferðslutrygd.
This autumn the same teaching initiative was started for those who are in 9th grade in the current school year.
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Í heyst varð farið undir sama undirvísingarátak fyri teimum, sum í verandi skúlaári ganga í 9. flokki.
After the day course is finished, a photo will be taken of the students. Below are some photos of the students at the East School.
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Eftir lokið dagsskeið verður mynd tikin av næmingunum. Niðanfyri eru nakrar myndir av næmingunum í Eysturskúlanum.
A very large amount of text has been uploaded to the Ferðslutíðindi database. For example, we can mention that the entire traffic law is in the database, and with a search function it is of course possible to search through all the text that is added daily to our website.
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Sera nógvur tekstur er lagdur í databasan hjá Ferðslutíðindum. Sum dømi kunnu vit nevna at øll ferðslulógin er í databasanum, og við leitorðum er sjálvandi møguligt at leita í øllum teksti, sum dagliga verður lagdur á heimasíðu okkara.
To make full use of the newspaper, it is essential to know how to use the search options that are available.
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Skal full nytta fáast úr blaðnum er umráðandi at duga at brúka teir leitimøguleikar, sum eru.
Search mode no. 1 is a button that says and blinks "Search." This button is placed at the bottom of all pages of Ferðslutíðindi.
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Leitiháttur nr. 1 er ein knappur, sum stendur og blinkar "Search". Hesin knappur er lagdur inn niðast á øllum síðunum hjá Ferðslutíðindum.
When searching with search method no. 1, you should first click the "Search" button. When that is done a new screen will appear. Then type the search term and press "Enter."
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Tá ið leitast skal við leitihátti nr. 1, skal man fyrst klikkja á knappin "Search". Tá ið tað er gjørt kemur ein nýggj mynd á skermin. Tá skrivar man leitorðið og trýstir á "Enter".
In search mode no. 2 you can type the search term first and then click the "Search" button.
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Í leitihátti nr. 2 kanst tú skriva leitorðið fyrst og síðani klikkja á knappin "Leita".
All the text that has been in the newspaper is put into a text archive that is easy and quick to search.
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Allur teksturin, sum hevur verið í blaðnum verður lagdur í eitt tekstasavn, sum lætt og skjótt er at leita í.
As an example, it could be mentioned that the entire traffic legislation has been included in the text collection.
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Sum dømi kundi verðið nevnt, at øll ferðslulógin er løgd í tekstasavnið.
In the text collection searches are performed with search terms, but there are more options.
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Í tekstasavninum verður leitað við leitorðum, men møguleikarnir eru fleiri.
Try one of them. For example, write car* in the box below, and see if there is anything to find about cars.
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Royn ein teirra. Skriva t.d. bil* í boksina niðanfyri, og vita um ikki okkurt er at finna um bilar.
Parliamentary case no. 101-7/1999: Report pursuant to Article 51, paragraph 4, of the Rules of Procedure from Karsten Hansen, Minister, on fiscal policy in 2001 and beyond.
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Løgtingsmál nr. 101-7/1999: Frágreiðing sambært grein 51, stk. 4, í tingskipanini frá Karsteni Hansen, landsstýrismanni, um fíggjarpolitikk í 2001 og framyvir.
In everyday speech there are many types of politics that are considered economic policy.
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Í dagligari talu eru nógv politikksløg, sum vera roknað sum búskaparpolitikkur
Fiscal and monetary policy together are referred to in economics as "general economic policy." For the types of policy mentioned above, it is a matter of priorities, both within each type of policy and across the different types, which over the long term should ensure a balanced and stable economic development.
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Fíggjar- og pengapolitikkur tilsamans ganga í búskaparfrøðini undir heitinum "generellur búskaparpolitikkur". Fyri hini politikksløgini omanfyri er talan um raðfestingar, bæði í hvørjum politikkslagi sær og tvørtur um politikksløgini, sum í longri áramál skulu tryggja eina javna og støðuga búskapargongd.
In an exemplary context the goal of monetary policy is the same as for fiscal policy, because here too efforts are made to achieve the macro objectives that the authorities have set for themselves. With monetary policy attempts are made to reach these goals by influencing the money supply, the interest rate and, in gen...
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Í fyrimyndarligum samanhangi er endamálið við pengapolitikkinum tað sama sum fyri fíggjarpolitikkin, tí eisini her verður roynt at røkka makro-málstevnum, sum myndugleikarnir hava sett sær fyri. Við pengapolitikkinum verður roynt at røkka hesum málum við at ávirka samfelagsgjaldførið, rentustigið og sum heild, um tað s...
In recent years, emphasis has been placed on strengthening the fiscal policy instruments.
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Seinastu árini hevur dentur verið lagdur á at styrkja tey fíggjarpolitisku amboðini
Liberalizations in international financial markets and larger common currency areas have significantly reduced the possibilities of using monetary policy tools in individual countries. Instead, emphasis is placed on strengthening fiscal policy tools and various other selective economic policy instruments. This is not n...
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Liberaliseringar á altjóða fíggjarmarknaðunum og størri felags gjaldoyraøki hava minkað munandi um møguleikarnar at brúka pengapolitisk amboð í einstøku londunum. Ístaðin verður dentur lagdur á at styrkja tey fíggjarpolitisku amboðini og ymisk onnur úrveljandi búskaparpolitisk amboð. Hetta er ikki nýtt fyri Føroyar, ið...
External balance — the principle here is balance on a cash basis in current accounts.
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Uttanhýsis javnvág - meginreglan er her javnvág á leypandi postum á gjaldsjavna.
Social and economic policy considerations, so that everyone is guaranteed a share in the goods and services of society.
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Sosial- og økispolitisk atlit, soleiðis at øllum verður tryggjað lut í virðinum og tænastunum í samfelagnum.
Economic policy objectives often contradict one another, and experience shows that economic policymakers in virtually all countries struggle with problems that arise from these conflicting goals. The problems are seen, for example, in the fact that strong economic growth and low unemployment tend to bring inflation and...
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Búskaparpolitisku málini standa í andsøgn hvørt við annað, og sannroynd er, at búskaparpolitisku myndugleikarnir í at kalla øllum londum dragast við trupulleikar, sum standast av hesum mótstríðandi málum. Trupulleikarnir síggjast t.d. í tí, at stórur búskaparvøkstur og lítið arbeiðsloysi ber í sær inflatión og størri h...
The main aim of economic policy, however, is as large and steady an economic growth as possible for as long as possible.
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Høvuðsendamálið við búskaparpolitikkinum er tó so stórur og støðugur búskaparvøkstur sum gjørligt leingi.
Over long time periods we will always have economic growth; however, experience shows that the more volatile the economic fluctuations are in the short term, the less economic growth there will be over longer periods. The more volatile a boom is, the deeper the subsequent bust will be. A deep recession brings with it m...
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Í langt áramál fara vit altíð at hava ein búskaparvøkstur, royndirnar vísa tó, at jú ógvisligari búskaparsveiggini eru í stutt áramál, minni verður búskaparvøksturin í longri áramál. Jú ógvisligari ein hákonjunkturur er, tess djúpari verður eisini lágkonjunktururin, ið aftaná kemur. Ein djúpur lágkonjunkturur hevur bæð...
If the business cycle becomes more even, we can expect to get more out of resources, higher average utilization and higher average welfare over the cycles. This is due inter alia to the advantages of reduced uncertainty about the future, partly because the cost of adjusting the fleet and relocation will be lower. A cou...
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Um búskapargongdin gerst javnari, kunnu vit vænta at fáa meira burtur úr tilfeinginum, størri miðal nýtslu og størri miðal vælferð um konjunkturarnar. Hetta kemst m.a. av fyrimununum av, at óvissan um framtíðin verður minni, deils tí at kostnaðurin av at tillaga flotan og fráflytingin verður minni. Ein konjunkturjavnan...
The Faroese economy is characterized by a concentrated industrial pattern, in which the fishing industry accounts for by far the largest part of production. Denmark has a diversified production of manufactured goods. This is a characteristic of advanced industrial countries. They typically produce a varied range of hig...
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Føroyski búskapurin er sermerktur við einum einstreingjaðum vinnumynstri, har fiskivinnan stendur fyri nógv tí stórsta partinum av framleiðsluni. Danmørk hevur fjølbroytta framleiðslu av ídnaðarvørum. Hetta er sereyðkenni fyri framkomin ídnaðarlond. Tey framleiða vanliga fjølbroytt úrval av hátøkniligum vørum og einki ...
Import and export quotas show the importance of imports and exports for a country. The quotas show imports and exports as a percentage of GDP. The Faroese quotas are much larger than the Danish ones. That means that foreign trade is more important for the Faroe Islands. It is worth noting that in an international conte...
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Innflutnings- og útflutningskvoturnar vísa týdningin av inn- og útflutninginum fyri eitt land. Kvoturnar vísa inn- og útflutningin í prosentum av BTÚ. Føroysku kvoturnar eru væl størri enn tær donsku. Tað merkir, at uttanlandshandilin er týdningarmeiri fyri Føroyar. Tað er vert at viðmerkja, at í altjóða samanhangi er ...
and that the public sector is better consolidated than in Denmark.
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og at almenni sektorurin verður betur konsolideraður enn í Danmørk.
Historically there have been large fluctuations in fishing due to economic cycles. It is therefore absolutely crucial that the public sector is very well consolidated. Together with plans to become less dependent on Denmark, these are reasons why the target regarding debt should be higher than, for example, in Denmark.
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Søguliga hava stór sveiggj verið í fiskiskapinum um konjunkturarnar. Tað hevur tí heilt avgerandi týdning, at almenni sektorurin er sera vælkonsolideraður. Saman við ætlanunum um at gerast minni bundin at Danmørk, eru grundgevingar fyri, at málið viðvíkjandi skuldini eigur at vera hægri enn t.d. í Danmørk."
In most other countries the public sector finances its borrowing domestically. This is not the case in the Faroe Islands; a very large portion of the public debt in the Faroes is foreign debt. Besides placing burdens on the national economy, most of the public interest payments leave the country.
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Í flestum øðrum londum fíggjar tað almenna sína lántøku innlendis. Hetta er ikki so í Føroyum, nógv tann størsti parturin av almennu skuldini í Føroyum er uttanlandsskuld. Umframt at leggja byrðar á landshúsarhaldið, so fer størsti parturin av almennu rentugjaldingunum av landinum.
With regard to fish prices, the assessment is that the record-high prices can well hold up in 2000. Wage payments in fishing can therefore be expected to be as large in 2000 as in 1999. That they become larger cannot be ruled out either. However, the picture can turn if prices nevertheless fall or quantities decrease.
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Viðvíkjandi fiskaprísunum, so er metingin, at teir methøgu prísirnir væl kunnu halda sær í 2000. Lønargjaldingarnar í fiskiskapi kunnu tískil hugsast at gerast eins stórar í 2000 og í 1999. At tær gerast størri kann heldur ikki útilokast. Myndin kann tó koppa á, um so er at prísirnir kortini falla ella nøgdirnar minka....
Uncertainty about the revenue base is a perfectly good justification for running a cautious fiscal policy.
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Óvissa inntøkugrundarlagið er nóg góð grundgeving fyri at reka ein varnan fíggjarpolitikk
Even though the public finances of the national treasury are about 20% of GDP, this is a large debt, when one considers the large fluctuations that have historically appeared in the Faroese economy.
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Sjálvt um gjaldføri landskassans er umleið 20% av BTI, so er hetta ein stór skuld, tá hugsað verður um stóru sveiggini, ið søguliga hava víst seg í føroyska búskapinum."
Whether economic growth continues or not, the trend over the past year shows that even relatively small private and public investments put the Faroese labor market under pressure. It is therefore necessary to work deliberately to create space in the economy. The public sector can reduce its demand through direct cuts o...
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Um vøksturin í búskapinum stendur við ella ikki, so vísir gongdin tað farna árið, at sjálvt við lutfalsliga smáum privatum og almennum íløgum kemur føroyski arbeiðsmarknaðurin undir trýst. Neyðugt er tí at arbeiða miðvíst við at skapa rúm í búskapinum. Tað almenna kann skerja sín eftirspurning við beinleiðis skerjingum...
Structural measures with temporary impact, which in any case must be implemented. These measures should be accelerated if growth stagnates.
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Strukturel tiltøk við tálmandi ávirkan, sum í øllum førum eiga at verða sett í verk. Hesi tiltøk eiga at verða framskundað, um vøksturin stendur við:
The VAT law should be revised to remove the exemptions in the law.
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Mvg-lógin eigur at verða endurskoðað fyri at taka burtur undantøkini í lógini.
Tax and duty policy should be changed so that it does not encourage the workforce to move out of the country at a time when this workforce is already too small in the Faroe Islands.
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Skatta- og avgjaldspolitikkurin eigur at verða broyttur, so hann ikki stuðlar arbeiðsmegi í at flyta av landinum í eini tíð, tá ið henda arbeiðsmegin er ov lítil í Føroyum.
The tax relief for fishermen should be abolished, at the same time as the ban on producing onboard the ships should be lifted.
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Skattalættin hjá fiskimonnum eigur at verða avtikin, samstundis sum forboðið fyri at framleiða umborð á skipunum eigur at verða avtikin.
It is necessary to deliberately streamline and possibly cut public operations to make room in the economy for private activity and for both public and private investments.
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Neyðugt er at fara undir miðvíst at effektivisera og møguliga skerja almenna raksturin fyri at geva rúm í búskapinum fyri privatum virksemi og bæði almennum og privatum íløgum.
Delay and postpone public investments in the construction sector for a longer period.
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Toyggja og seinka almennar íløgur á byggiøkinum í longri áramál.
Tax and fee increases (The Council nonetheless believes that the government, as far as possible, should not use this instrument).
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Skatta- og avgjaldshækkingar (Ráðið heldur tó, at landsstýrið alt at tað er gjørligt, ikki skal nýta hetta amboð).
The Ministry of Finance agrees with the recommendations that it is important for the budget to be maintained throughout the year. This problem should be brought into proper order in the coming years. This requires each individual department to put great effort into preparing their budgets and to monitor that appropriat...
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Fíggjarmálastýrið tekur undir við ráðunum um, at tað er umráðandi, at fíggjarlógin heldur alt árið. Hesin trupulleikin eigur at fáast í rættlag komandi árini. Hetta krevur, at hvørt einstakt stýri leggur stóra orku í at gera sínar fíggjarætlanir og hevur eftirlit við, at játtanirnar verða hildnar. Annars verður longu a...
Ad. 1) Regarding the recommendation on the VAT law, the Finance Administration has these comments.
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Ad. 1) Um tilmæli um mvg-lógina hevur Fíggjarmálastýrið hesar viðmerkingar.
An MPM system is based on a "neutrality rule." This means that the system:
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Ein mvg-skipan byggir á eina "neutralitetsreglu". Hetta merkir, at skipanin:
Exceptions constitute violations of the principle of neutrality and are thus economically distorting.
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Undantøk merkja brot á neutralitetsgrundregluna og virka soleiðis búskaparliga avlagandi.
When the VAT system was introduced on January 1, 1993, there were very few exceptions in the law. Since then a number of exceptions have been added.
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Tá ið mvg-skipanin varð sett í gildi 1. januar 1993, vóru ógvuliga fá undantøk í lógini. Síðani tá er komin ein hópur av undantøkum.
This can be illustrated with an example. If a homeowner intends to have a staircase made in their house, they can, for instance, choose between having craftsmen build the staircase in the house, having the staircase made at a Faroese carpentry workshop, or buying a finished staircase from abroad. If the staircase is ma...
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Hetta kann verða lýst við einum dømi. Ætlar ein húsaeigari at fáa eina trappu gjørda í húsum sínum, kann hann t.d. velja ímillum at fáa handverkarar at gera trappuna í húsunum, fáa trappuna gjørda á einum føroyskum snikkaravirki ella keypa eina lidna trappu uttanlands. Verður trappan gjørd í húsunum, er arbeiðslønin fr...
The Ministry of Finance is revising the VAT law. The plan is to carry out the work in consultation with the business sector. The industry has previously indicated that it supports a VAT system with as few exemptions as possible. The changes to the VAT law are primarily structural changes. A bill will hopefully be prese...
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Fíggjarmálastýrið endurskoðar mvg-lógina. Ætlanin er at gera arbeiðið í samráð við vinnuna. Vinnan hevur fyrr víst á, at hon tekur undir við eini mvg skipan við so fáum undantøkum sum gjørligt. Broytingarnar í mvg-lógini eru fram um alt bygnaðarbroytingar. Lógaruppskot verður vónandi lagt fyri tingið seinni í ár.
The tax law has supported the workforce in moving out of the country, but is that still the case now?
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Skattalógin hevur stuðlað arbeiðsmegi í at flyta av landinum, men er tað so nú?
Ad. 2) The tax and duty policy should of course not support labor from moving out of the country at a time when that same workforce is already too small in the Faroe Islands. However, it is a question whether that is the case at the moment.
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Ad. 2) Skatta- og avgjaldspolitikkurin eigur sjálvandi ikki at stuðla arbeiðsmegi í at flyta av landinum í eini tíð, tá ið henda sama arbeiðsmegin er ov lítil í Føroyum. Tað er tó ein spurningur, um tað er so í løtuni.
Times have changed a lot since 1994, when it became possible in the tax law to deduct expenses related to work abroad from taxable income. This was done at a time when there was very little work in the Faroe Islands.
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Tíðirnar eru nógv broyttar síðani 1994, tá ið tað í skattalógini gjørdist møguligt at draga útreiðslur í sambandi við arbeiði í útlondum frá í skattskyldugu inntøkuni. Hetta varð gjørt í eini tíð, tá ið ógvuliga lítið arbeiði var í Føroyum.
It should also be noted that the deductions for working abroad are higher in the countries around us than they are in the Faroe Islands.
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Tað skal eisini viðmerkjast, at frádráttirnir fyri at arbeiða uttanlands eru hægri í londunum uttan um okkum, enn teir eru í Føroyum.
At the moment, it is only in the main area that problems with bottlenecks in the labor market are seen. In Suðuroy and in the Northern Isles, for example, there is not such a large demand for craftsmen. The problem with bottlenecks is therefore at least equally much a geographical problem.
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Í løtuni er tað bert í meginøkinum, at tað síggjast trupulleikar við fløskuhálsum á arbeiðsmarknaðinum. Í Suðuroynni og í Norðuroyggjum er t.d. ikki so stórur eftirspurningur eftir handverkarum. Trupulleikin við fløskuhálsum er tí minst líka nógv ein landafrøðiligur trupulleiki.
This is shown in Figure 1, which, in addition to displaying the turnover of construction companies throughout the country, also shows the trend in turnover in Southern Streymoy compared with turnover in the rest of the country from 1985–1998. The figure clearly shows that a large majority of the growth in the construct...
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Hetta sæst í mynd 1, sum umframt at vísa umsetningin hjá byggivirkjum í øllum landinum, eisini vísir gongdina í umsetninginum í Suðurstreymoy samanborin við umsetningin í hinum partinum av landinum frá 1985-1998. Myndin vísir heilt týðiliga, at nógv tann størsti parturin av framgongdini í byggivinnuni seinastu árini he...
The tax relief for fishermen is an example of a measure that, in its time, was introduced with strong political support.
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Skattalættin hjá fiskimonnum er eitt dømi um eitt tiltak, sum í síni tíð varð sett í gildi við stórari politiskari undirtøku.
To reduce demand, the tax law could of course be changed. If the tax law were changed so that fishermen would again be taxed like other citizens, this would initially have given the public coffers 60–65 million DKK more in revenue per year, while at the same time having a limiting effect on domestic demand.
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Fyri at minka um eftirspurningin, kundi skattalógin sjálvandi verið broytt. Verður skattalógin broytt soleiðis, at fiskimenn aftur verða skattaðir sum aðrir borgarar, hevði hetta í fyrsta umfari givið almennu kassunum 60-65 mió. kr. meiri í inntøku um árið, samstundis sum hetta hevði havt eina avmarkandi ávirkan á innl...
Because the Nordic neighboring countries tax fishermen specially, and many Faroese fishermen sail on fishing vessels of neighboring countries, an increase in the Faroese fishermen's tax would undoubtedly have meant that more of these fishermen, over time, would have settled in the neighboring countries.
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Av tí at norðurlendsku grannalond okkara serskatta fiskimenn, og nógvir føroyskir fiskimenn sigla við fiskiskipum hjá grannalondum, hevði ein hækking aftur í føroyska fiskimannaskattinum óivað merkt, at fleiri av hesum fiskimonnum, sum frá líður, høvdu búsett seg í grannalondunum.
The Nordic tax agreement specifies, as is known, that regarding the fishing industry it is the country of residence that has the right to tax people. This means, in turn, that the tax from those who move their residence ends up in the public coffers of those countries and not in the Faroese national treasury and Faroes...
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Norðurlendska skattaavtalan ásetur sum kunnugt, at viðvíkjandi fiskivinnu er tað bústaðarlandið, sum eigur rættin at skatta fólk. Hetta merkir so aftur, at skatturin frá teimum, ið flyta bústað, endar í almennu kassunum hjá hesum londum og ikki í føroyska landskassanum og føroysku kommunukassunum. Talan verður í seinas...
There are no plans to change the taxation of fishermen. However, there are plans to set a cap on the deductions for each individual fisherman.
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Tað eru ongar ætlanir um at broyta skattingina av fiskimonnum. Tað eru tó ætlanir um at seta hámark á frádráttirnar hjá hvørjum einstøkum fiskimanni.
Accelerating the reduction of the mortgage subsidy also has unfortunate consequences. First, it is unwise to use structural measures to smooth out the economic cycle. Second, it undermines trust in the political authorities if such measures are hastened. Most families have arranged their housing according to the existi...
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At framskunda at rentustuðlin minkar, hevur eisini óhepnar fylgjur við sær. Í fyrsta lagi er tað óheppið at brúka bygnaðarlig tiltøk at javna konjunkturarnar. Í øðrum lagi gongur tað út yvir álitið á politisku myndugleikarnar, um slík tiltøk verða framskundað. Flestu familjur hava sett seg í búgv eftir fortreytunum, su...
Ad. 5) The Economic Council points out that making the public sector more efficient and cutting it should not be done with a “lawnmower” approach, but after thorough assessments of the public structure, of what activities can be made more efficient, and which activities are necessary or not necessary.
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Ad. 5) Búskaparráðið vísir á, at tað at effektivisera og skerja almenna sektorin ikki eigur at gerast við "plenuklipparanum", men eftir gjølligum metingum av almenna bygnaðinum, og um hvat virksemið kann effektiviserast, og hvat virksemið er neyðugt, ella ikki er neyðugt.
These are precisely measures that the Ministry of Finance has indicated are necessary to implement. This in turn requires that all ministries complete and review all activities in their areas. It should, however, be noted that these are structural changes that will have economic consequences that will follow.
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Hetta eru júst tiltøk, ið Fíggjarmálastýrið hevur víst á sum neyðug at fremja. Hetta krevur aftur, at øll stýrini endavenda og kanna alt virksemi á sínum øki. Tað skal tó viðmerkjast, at her er talan um bygnaðarbroytingar, sum fáa búskaparligar avleiðingar, sum frá líður.
The recommendation to delay and postpone the public sessions is supported.
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Tikið verður undir við tilmælinum um at toyggja og seinka almennu løgurnar.
The Housing Loan Fund reports that about 28 million kroner are still frozen. That is roughly 140 homeowners, who are almost all located outside of Tórshavn. The figures should be treated with caution. However, this will hardly be any economic shock.
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Í Húsalánsgrunninum verður upplýst, at enn eru góðar 28 mió. kr. niðurfrystar. Tað eru umleið 140 húsaeigarar, sum so at siga allir eru aðrastaðni enn í Havnini. Tølini skulu verða tikin við fyrivarni. Hetta verður tó neyvan nakar búskaparligur skelkur.
A locked savings scheme is a possible measure that the Economic Council does not mention in its recommendations. A locked savings scheme has the advantage that it is quick to implement. This has been tried before in the Faroe Islands, and we therefore have the necessary experience with it. People also know from experie...
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Bundin samansparing er eitt møguligt tiltak, sum Búskaparráðið ikki nevnir í sínum tilmælum. Bundin samansparing hevur teir fyrimunir, at hon er skjót at seta í verk. Hetta er roynt fyrr í Føroyum, og vit hava tí neyðugu royndirnar hesum viðvíkjandi. Fólk vita tí eisini av royndum, at talan er ikki um skatt. Síðstu fer...
The Economic Council recommends, as far as possible, refraining from using the tax instrument.
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Búskaparráðið mælir, alt at tað er gjørligt, frá at nýta skattaamboðið.
It is perfectly clear that the government will not use this tool. With the current economic situation, there will also be no talk of major tax cuts, even though the state treasury has had a large surplus for the third year in a row. However, there is no doubt that we should work towards reducing the tax burden as much ...
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Tað er heilt greitt, at landsstýrið fer ikki at nýta hetta amboð. Við búskapargongdini, sum er, verður heldur ikki talan um størri skattalættar, sjálvt um landskassin triðja árið á rað hevur stórt avlop. Tað er tó eingin ivi um, at vit eiga at arbeiða fram ímóti at minka skattatrýstið so nógv sum gjørligt í longri áram...
Reducing the tax burden is not a goal in itself.
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At minka skattatrýstið er ikki eitt mál í sjálvum sær
As mentioned, there is a lot of activity in the economy at the moment. Larger tax cuts are putting even more momentum into the economy. The risk that the economy will overheat is increasing, and at the same time the risk of disruptive interventions later is also growing.
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Tað er, sum nevnt, nógv ferð á búskapinum í løtuni. Størri skattalættar seta enn meiri ferð á búskapin. Vandin fyri, at búskapurin verður yvirupphitaður, gerst størri og samstundis eisini vandin fyri ógvisligum inntrivum seinni.
First of all, it is important how taxes and fees are composed.
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Í fyrsta lagi er týdningarmikið hvussu skattir og avgjøld eru samansett.
First of all, the tax composition itself and the levies are important. It is important that there is a certain balance between the various tax sources, here in terms of the ratio between direct and indirect taxes, with a view to achieving the set objectives. The objectives can, for example, be greater employment, great...
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Í fyrsta lagi er sjálv skattasamansetingin og avgjøldini týdningarmikil. Tað er týdningarmikið, at tað er ein ávís javnvág millum ymsu skattakeldurnar, her uppi í lutfallið millum beinleiðis og óbeinleiðis skatt, við atliti at røkka settu stevnumiðunum. Stevnumiðini kunnu t.d. vera størri útboð við arbeiðsmegi, størri ...
and secondly it is important that the framework remains fixed
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og í øðrum lagi er tað týdningarmikið, at karmarnir liggja fastir
It is also important that the frameworks are stable. Excessive fluctuation in the economy together with changing tax rates and tax rules create greater uncertainty about investments and the returns they yield. As a result, the level of investment and therefore the socio-economic benefit are lower than they otherwise wo...
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Tað er eisini týdningarmikið, at karmarnir liggja fastir. Ov stór sveiggj í búskapinum saman við skiftandi skattastigum og skattareglum gera meiri ótryggleika um íløgur og vinning sum frálíður. Av tí verður íløgustigið og sostatt eisini samfelagsbúskaparligi vinningurin minni enn annars, sum frálíður.
The Ministry of Finance and the Faroese Customs and Tax Office are in the process of reviewing how businesses should be taxed. This is being done in close cooperation with the business community. In the autumn of 1999 the first meeting was held with representatives of the Business House, the Development Agency, an audi...
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Fíggjarmálastýrið og Toll- og Skattstovu Føroya eru í holt við at endurskoða, hvussu vinnan skal verða skattað. Hetta verður gjørt í neyvum samstarvi við vinnuna. Á heysti 1999 var fyrsti fundurin við umboð fyri Vinnuhúsið, Menningarstovuna, grannskoðaravirki og Vinnumálastýrið. Síðan tá hevur ein arbeiðsbólkur arbeitt...
The tax and duty systems must be designed to encourage commercial activity, without, however, building support schemes into the system.
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skatta- og avgjaldskipanirnar skulu virka eggjandi fyri vinnuligt virksemi, uttan tó at stuðulskipanir verða bygdar inn í skipanina
The regulations should be easy for businesses and administration to manage.
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skipanirnar skulu verða lættar at umsita hjá vinnu og umsiting
The lowest corporate tax in the Faroe Islands and the highest in France and Germany, where it is twice as much as here.
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Lægsti partafelagsskatturin í Føroyum og hægsti í Fraklandi og Týsklandi, har hann er tvær ferðir so nógv sum her
In Ireland, a distinction is made between income in relation to corporate tax.
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Í Írlandi verður skilt ímillum inntøku í sambandi við partafelagsskattin
In Ireland the standard corporate tax was 28% in 1999, but was reduced to 24% this year. A distinction is made between “non-trading income” and “trading income.” “Non-trading income” is taxed at 24% from this year. Thus it is not a general low Irish corporate tax of 12.5%, which the discussions about the Caragate opini...
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Í Írlandi var vanligi partafelagsskatturin 28% í 1999, men varð lækkaður niður í 24% í ár. Skilt verður ímillum "non-trading income" og "trading income". "Non trading income" verður frá í ár skattað 24%. Talan er sostatt ikki um ein generellan lágan írskan partafelagsskatt, sum skal vera 12,5%, ið orðaskiftini um Carag...
In the USA there is a federal corporate tax of 35%. In addition to this comes the state tax, so the actual corporate tax is on average about 40%. Germany also has local business taxes, so 40% is not the actual corporate tax in Germany; it is somewhat higher. Germany has recently reduced the corporate tax from 45% down ...
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Í USA er ein føderalur partafelagsskattur, sum er 35%. Afturat hesum kemur ríkisskatturin, so tann veruligi partafelagsskatturin er í miðal um 40%. Týskland hevur eisini lokalar vinnuskattir, 40% er tí ikki veruligi partafelagsskatturin í Týsklandi, hann er eitt sindur hægri. Týskland hevur nýliga lækkað partafelagsska...
The trend is also towards lower corporate taxes in other countries. In Denmark there are plans to reduce the corporate tax from 32% down to 28%. The revenue loss from cutting the corporate tax is not always as large as the reduction suggests. Often the cut is financed by abolishing other special rules and other subsidi...
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Rákið gongur eisini móti lægri partafelagsskatti í øðrum londum. Í Danmørk eru ætlanir um at lækka partafelagsskattin úr 32% niður í 28%. Inntøkumissurin av at lækka partafelagsskattin er ikki altíð so stórur, sum lækkingin bendir á. Ofta verður lækkingin fíggjað við, at aðrar serreglur og annar stuðul verða avtikin.
The process described above should be viewed again in an increasing understanding of,
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Gongdin, sum er lýst omanfyri, skal síggjast aftur í eini vaksandi fatan av,
that a lower corporate tax makes consolidation opportunities better and reduces the need to finance business investments with loans
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at lægri partafelagsskattur ger konsolideringarmøguleikarnar betri og minkar um tørvin at lánsfíggja vinnuligar íløgur
that industry can take on greater responsibilities in relation to wages, environment, research and education.
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at vinnan kann átaka sær størri skyldir í sambandi við penjónum, umhvørvi, gransking og útbúgving.
With the corporate tax reform and reducing the company tax to 20%, big steps have been taken towards modernizing the Faroese business tax.
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Við vinnuskattareforminum og at lækka partafelagsskattin niður í 20% eru tikin stór stig fram ímóti at nýtíðargera føroyska vinnuskattin.
The tax difference from taxing different types of income should not be too large.
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Skattamunurin av skatting á ymiskum inntøkum eigur ikki at vera ov stórur
A wide-ranging corporate tax reform cannot be done in a short time. Some things have already been done, but most is still ahead. Sometime this autumn the most fundamental part of the corporate tax reform will be finished. This is the part that concerns taxing capital gains. Work will not, however, be finished then. It ...
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Ein víðfevndur vinnuskattareformur kann ikki gerast eftir stuttari tíð. Nakað er longu gjørt, men tað mesta er enn eftir. Einaferð í heyst verður tann mest grundleggjandi parturin av vinnuskattareforminum liðugur. Hetta er tann parturin, ið snýr seg um at skatta kapitalvinning. Arbeiðið verður tó ikki liðugt tá. Tað ve...
Even though the priorities are set over a longer period, the priorities are reviewed every year with regard to all activities in the country. This is also a step that, among others, the Economic Council welcomes. The plan is that the legal framework of the national treasury will remain at the same level as now for the ...
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Sjálvt um raðfestingarnar verða gjørdar um eitt longri áramál, so verða raðfestingarnar endurskoðaðar á hvørjum ári, við atliti at øllum virkseminum í landinum. Hetta er eisini eitt stig, sum m.a. Búskaparráðið tekur væl ímóti. Ætlanin er at løgukarmur landskassans skal liggja á sama støðið sum nú næstu 10 árini.
It would have been good to be able to have made the entire public legal framework already now.
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Gott hevði verið at kunna gjørt allan almenna løgukarmin longu nú
The legislation should affect activity in the country as little as possible in 2001.
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Løguraðfestingin eigur at ávirka virksemið í landinum minst møguligt í 2001
It would also have been good to include public companies such as SEV and IRF in the budget already now, but that has not been done yet. Later this year a budget framework for the municipalities for 2001 will be made. It would also have been good to have that framework already now.
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Gott hevði eisini verið at havt almenn feløg sum SEV og IRF við í løguætlanini longu nú, men tað er ikki gjørt enn. Seinni í ár verður gjørdur ein løgukarmur fyri kommunurnar í 2001. Tað hevði eisini verið gott at havt henda karm við longu nú.
The need for laws is still large, but the recommendation is that the laws in 2001 be prioritized so that they affect activity in the country as little as possible. If you look at table 3, there are laws such as watch vessels, the Sandoy ferry, medical-technical equipment and the like — laws that have little or no impac...
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Løgutørvurin er enn stórur, men tilmæli er, at løgurnar í 2001 verða raðfestar soleiðis, at tær ávirka virksemið í landinum minst møguligt. Um hugt verður í talvu 3, so eru løgur sum vaktarskip, sandoyarferja, medicoteknisk tól og tílíkt, løgur, ið lítið og einki ávirka virksemið í landinum. Tað eru tílíkíkar løgur, su...