Norwegian Government to Use More Sovereign Fund Oil Wealth
Posted on 11/08/2013
The Norwegian Ministry of Finance released an Amendment to its 2014 fiscal budget today that indicates a lowering of tax rates and an increase in transfers from the Government Pension Fund Global (GPFG), Norway’s sovereign wealth fund, to cover the non-oil fiscal budget deficit. In response to Dutch disease-like symptoms, the new Norwegian government, led […]
