Norway PM plans lower oil money use / News in brief / The Foreigner

Norway PM plans lower oil money use. Prime Minister Jens Stoltenberg plans to use less oil money in 2014, NOK 50 billion below the maximum four per cent rule. below the maximum four per cent rule. “As the figures now stand, we’ll be preparing to use barely three per cent of the Government Pension Fund next year,” he told business daily Dagens Næringsliv.

norwayoilfund, norwayeconomy



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14:08:25 — Wednesday, 19th November, 2014

News in brief Article

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Norway PM plans lower oil money use

Published on Friday, 23rd August, 2013 at 06:46 under the news in brief category, by Lyndsey Smith   .
Last Updated on 23rd August 2013 at 12:14.

Prime Minister Jens Stoltenberg plans to use less oil money in 2014, NOK 50 billion below the maximum four per cent rule.

Jens Stoltenberg
Jens Stoltenberg
Photo: Office of the Prime Minister/Flickr


below the maximum four per cent rule.

“As the figures now stand, we’ll be preparing to use barely three per cent of the Government Pension Fund next year,” he told business daily Dagens Næringsliv.

“Next year's oil spending will be on par with the lowest ever recorded.”

The Prime Minister added he believes spending the highest possible amount next year could create problems for the Norwegian economy “at a time we’re concerned about high cost growth, the exchange rate, and the rate of interest.”




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Published on Friday, 23rd August, 2013 at 06:46 under the news in brief category, by Lyndsey Smith   .
Last updated on 23rd August 2013 at 12:14.

This post has the following tags: norwayoilfund, norwayeconomy.


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