Norway will exceed a self-imposed cap for the first time in a decade on spending this year from its trillion-dollar sovereign wealth fund. — Reuters pic
Cash withdrawal from the fund is now projected to hit a record 419.6 billion Norwegian crowns in 2020, the Finance Ministry's mid-year fiscal review showed, up from 243.6 billion crowns seen last October. The extra spending will pay for a tax shortfall and a range of initiatives announced since a partial lockdown of the country began on March 12, including extra unemployment benefits, cash support for companies and oil industry investment incentives.
Source: Financial Digest (financialdigest.net)
If NorwayMFA would start repatriate all refugees and non benefiting migrants, that should reduce the scale of economic and social rehabilitation of Norway. You don't need Filipinos to keep remitting krone out or a Pakistani to represent Norway in any UN projects. Good luck!🇳🇴
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