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Sovereign Wealth Funds Briefing - Categorized | Market

Norway ignores IMF by subsidizing asset bubble: Nordic Credit

Posted on 31 May 2013

Norway revealed it’s tapping cash to subsidize its overheated housing market after proposing a 50 percent increase in mortgage lending to government employees. The plans to spend more on a market already showing signs of imbalance, revealed in this month’s revised budget, come as the International Monetary Fund urges the government to rein in spending.
Norway, which relies on the world’s largest sovereign wealth fund to keep it debt free, has in the past sold bonds to fund government lending programs while tapping the $740 billion wealth fund to plug budget deficits……………………………………….Full Article: Source


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