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Sovereign Wealth Funds Briefing - Categorized | Financials, Market, Reserve Currencies

Tapping Norway’s Oil Fund Raises Political Hackles

Posted on 07 October 2016

Low oil prices mean that this year the government for the first time is withdrawing more from the oil fund than it is putting in. Oil-rich Norway could be forming a bad habit.
The government said Thursday it would keep draining money from one vessel—the nation’s vast sovereign-wealth fund—to fill a shortage in another—-the annual budget. Beyond covering immediate spending needs, the government said it wished to support Norway’s economic recovery……………………………………Full Article: Source


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