11.08.2015 - Norway might have to dip into its savings
If the government has to withdraw money from its $875 billion sovereign wealth fund, it will be a historical step. It's either that, or heavily rein in fiscal spending at a time when the country needs it most. The state's spending could start to outstrip income from oil, which it pours into its wealth fund for future generations. Taking money from the fund wasn't planned for at least a few decades and no finance minister wants that to be their legacy. Approaching that withdrawal will spawn an ugly debate about what got Norway there faster than expected, and maybe even new legislation...............................................Full Article: Source
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