Tag Archives: Finansminister

Bloomberg: Norway Targets Lower Oil-Wealth Spending in Budget, Sanner Says

Norway’s Covid-related economic-support measures need to be phased out gradually and the government’s use of oil money should be tightened in the 2021 budget, the country’s finance minister said.

In an interview with E24.no, Jan Tore Sanner said he has a clear goal of reducing the use of oil revenue, and believes it should happen as early as next year, in the budget to be presented in October.

“It will be a goal to reduce the use of oil money somewhat by next year, but how much, it’s too early to say, also because the uncertainty is so great,” he said. “We must take into account that we must implement new measures throughout the autumn, and we are ready for that if necessary.”

Read entire article HERE.