Wednesday, 7 October 2015

Norway to Start Withdrawals From Oil Fund to Plug Deficits

Norway to Start Withdrawals From Oil Fund to Plug Deficits

Norway predicts it will for the first time need to withdraw cash from its $820 billion sovereign wealth fund as western Europe’s biggest oil exporter uses a record chunk of its petroleum revenue to cover budget holes and stimulate the economy.
Read more: http://ift.tt/1L0hxiJ

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