Home / Economy / Norway started to spend money in their reserve Fund

Norway started to spend money in their reserve Fund


Norway was first withdrew money from the accounts of the oil Fund of the country, created 20 years ago. Funds will go to support the social spending budget.


Норвегия начала тратить средства своего резервного фонда

It is reported RIA Novosti with reference to the Norwegian media. According to press reports, in January the government used part of the funds from the pension Fund, which is formed by windfall revenues from oil sales and the volume of which is about $826 billion, the amount Taken was more than $780 million and went on social spending budget.

Recall that Norway is one of the largest oil producers outside the organization OPEC. The social situation in the country continues to deteriorate.

According to the Norwegian Telegraph Bureau, last year in the shelters and the centres for accommodation of refugees in Norway large fire occurred six times, however, suspected arson the police have only two cases.

Police service the country’s security do not exclude that in the Scandinavian Kingdom in the near future can be carried out attacks on migrants and new attempts of arson of centres for accommodation of refugees. In this regard, the Ministry is even considering the possibility to classify the addresses of shelters.

We will remind as reported the Truth.Ru, the migration authorities of Sweden has already decided to classify the addresses of these shelters. The reason is the same as in Norway: the arson of buildings.

Check Also

Will America manage a soft landing in 2024?

Policymakers rarely bring down inflation without a recession. This time they might Could 2024 be …