15.10.2009 - Norway government to siphon US$26.7bln from Oil Fund
From Globalpensions.com: The Norwegian government plans to spend NOK148.5bn (US$26.7bn) of the Government Pension Fund Global's assets to help spur economic growth, the Ministry of Finance said as it unveiled its proposed 2010 budget yesterday. "The extraordinary escalation in the spending of oil revenues to deal with the financial crisis and the global recession has brought spending of petroleum revenues to a high level," the Ministry wrote in the national budget........................Full Article: Source
Print