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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Norwegian Finance Minister Vows Reforms

Posted on 15 May 2014

Norwegian Finance Minister Siv Jensen vowed Wednesday to implement structural reforms to counter a drop in oil- sector investment and an expected slowdown in economic growth. “What we see now is a long-term development where oil-sector investments are dropping further ahead,” Ms. Jensen said.
The record 140.9 billion Norwegian kroner ($23.8 billion) spending figure amounts to 2.8% of the value of the country’s sovereign-wealth fund. ……………………………………….Full Article: Source


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