07.03.2014 - OECD warns of overspending at Norwegian oil fund
The Organisation for Economic Co-operation and Development (OECD) has warned Norway that spending down income from its national pension fund is hampering much-needed fiscal reforms. The comments came in the OECD’s latest economic survey of Norway. Norway’s fiscal policy works within guidelines for the use of revenue from oil and gas production. All government revenues from oil and gas production are paid into the Government Pension Fund Global (GPFG)...............................................Full Article: Source
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