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Tuesday, 05 October 2010 09:20
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Wiith the prospect of growth above trend in the mainland economy in 2011 and a stabilization of unemployment, the Norwegian Government proposes a budget for 2011 with a structural, non-oil deficit of NOK 128 billion - on par with the 2010 deficit in real terms. (Photo: Finance Minister Sigbjørn Johnsen)
The Norwegian Government Pension Fund - Global, often called the National Oil Fund, will later this fall or by the end of the year be worth an estimated NOK 3000 billon, Aftenposten reports.
Several financial experts have concluded that Norwegian taxes must be raised by up to 12 percent to counter the costs of the nation's increasingly aging population.
The Norwegian Central Bank has announced that it is contemplating to retire the 50 øre (cent) coin ("femtiøringen"). This move would be the fifth time the bank retires small tender.
The Norwegian Ministry of Finance has excluded two Israeli companies and one Malaysian company from the portfolio of the Government Pension Fund Global (GPFG), also known as the National Oil Fund.
In July, Norwegian exports came to NOK 61.7 billion, while imports reached NOK 33.3 billion. This gave a trade surplus of NOK 28.4 billion, NOK 2.9 bill higher than in June, but NOK 1.6 bill lower than July last year.
