The Norwegian government will reduce the use of funds from oil income by NOK 15.2 billion, according to the revised national budget for 201, which was presented on Friday.
This means that the use of oil income is well below the regulations, which stipulates the use of the surplus from the National Oil Fund.
Finance Minister Sigbjørn Johnsen says this is possible, because of the positive outlook for the Norwegian economy and for low unemployment.
The revised ntional budget calls for spending an extra NOK 186 million on improving and maintaining major roads and rail services.
(NRK)
The Government has released a white paper discussing challenges and policy options facing the Norwegian economy towards 2060, stating it is likely to be faced with difficult choices in the decades to come.
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Norway made tough demands on SAS before agreeing to support a financial restructuring of the Nordic airline, according to Norwegian media.
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The Norwegian authorities have decided to increase the financial support for asylum seekers who return to their homeland, by NOK 10,000 for each child in the family.
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The average Norwegian household’s debt, in relation to their income, has never been higher.
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If you’re like many people across the country and are looking for ways to save money and get better value, then your credit card is one place where you may be able to do both. That’s because MBNA’s Platinum Visa Credit Card comes with three amazing offers that could give you some breathing space while you manage your finances.
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Norway is to increase its contribution to the Global Fund to Fight AIDS, Tuberculosis and Malaria by NOK 75 million, making the total Norwegian contribution NOK 450 million per year. (Photo: Foreign Minister Jonas Gahr Støre)
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As expected, the Executive Board of the Norwegian Central Bank (Norges Bank) on Wednesday decided to keep the key policy rate unchanged at 2 per cent.
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The Norwegian police still use fax and telephone to inform colleagues nationwide in case of national emergencies. It may take up to two hours before all police presincts are informed...
RENAS, an environmental organisation unique to Norway, has celebrated its 10th anniversary, but is probably nearly as little known inside Norway as it is abroad. Crown Prince Haakon (photo) was present at the anniversary celebrations on Wednesday...
Norway has since 1999 secretly financed the ongoing peace negotiations in Indonesia (photo Aceh), between the GAM separatist movement in Northern Sumatra and the central government, Aftenposten reports.
Neither side knew who financed the talks...
