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Sovereign Wealth Funds Briefing - Categorized | Financials

Norway’s Christian democrats urge lower cap on oil spending

Posted on 08 November 2013

Norway’s Christian Democrats, whose support the minority government needs to pass a budget, said it’s time to place more limits on oil-wealth spending and protect the economy from overheating.
Norway, which uses oil money to plug its budget deficits, has placed a 4 percent limit on spending from its $810 billion sovereign wealth fund. Knut Arild Hareide, leader of the Christian Democrats, said that cap is now meaningless as the fund balloons in size………………………………………..Full Article: Source


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