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Sovereign Wealth Funds Briefing - Categorized | Market, Reserve Currencies

Norway Readies for Election Budget Battle as Oil Cash Tempts

Posted on 31 August 2016

As an election nears in Norway, let the oil money fight begin. The government of western Europe’s biggest oil producer is on Tuesday starting its final round of talks to set next year’s budget, which will be presented on Oct. 6.
Prime Minister Erna Solberg will need to navigate conflicting demands of keeping up support for an economy that has been hammered by the plunge in crude and calls for trimming the record use of the nation’s oil wealth that’s threatening to erode its sovereign wealth fund………………………………………Full Article: Source


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