14.10.2015 - Norway PM says tap oil fund more to cope with asylum seekers-report
Norway may have to tap its $856 billion sovereign wealth fund more than planned next year to cope with a rising number of people seeking asylum, Prime Minister Erna Solberg was reported as saying on Tuesday.Solberg's right-wing government said last week it would make the first net withdrawal from the fund to finance tax cuts and boost a slowing economy hit by weak oil prices. Its 2016 budget planned to spend 2.8 percent of the fund's value in 2016, up from 2.6 percent this year, equivalent to an extra 23 billion crowns. But that sum may now increase. "We must use more money because we can't stop everything that is happening in Norway just to pay for the flow of refugees," Solberg was quoted as saying in the business newspaper Dagens Naeringsliv on Tuesday...............................................Full Article: Source
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