Skiurlaub- günstig mit FeWo-direkt
ITS | Jahn | Tjaereborg

Espresso der Extra-Klasse

Hotelsuche in 

Norway revises rules for dipping into sovereign wealth fund

By our dpa-correspondent and Europe Online    auf Facebook posten  Auf Twitter posten  
Stockholm (dpa) - The Norwegian government on Thursday announced proposals to lower the portion of how much it can spend from the country‘s huge sovereign wealth fund, citing lower future return rates.

Instead of spending up to 4 per cent of the fund‘s real return under provisions from 2001, the government proposed adjusting the level to 3 per cent, Prime Minister Erna Solberg and Finance Minister Siv Jensen told reporters.

In addition, the right-leaning government proposed raising the portion that the fund - one of the world‘s largest - invests in equities from 60 to 70 per cent. 

"The government‘s proposals will support a continued, responsible management of the considerable oil and gas resources," said Solberg, leader of the Conservative Party.

She said the current budget used 3 per cent of the fund‘s real return.

Jensen said the government had consulted a number of external experts before opting to raise the equity investments to 70 per cent. She noted that the central bank had recommended raising the portion to 75 per cent.

The measures have still to be passed in parliament.

"The expected return on equities exceeds that of bonds," she said, adding that "equities carry higher risks."

The Norwegian Government Pension Fund Global was created in 1996 to invest income from the country‘s petroleum and gas sectors. The cap on the return was to avoid overheating the mainland economy.


Kommentare zu diesem Artikel
Neuer Kommentar
Name *
Email * (wird nicht öffentlich angezeigt)
* Pflichtangaben
Diesen Artikel empfehlen

Absender Empfänger Nachricht (optional)

Weitere Artikel zu diesem Thema
Brussels (dpa) - Economic growth in the eurozone rose by 0.4 per cent at the end of 2016 compared to the previous quarter, while growth for the whole of the European Union stood at 0.5 per cent, the EU‘s statistics office said Tuesday.The
Stockholm (dpa) - Norwegian energy group Statoil on Tuesday posted a fourth-quarter net loss of 2.8 billion dollars, citing higher exploration costs and write-downs of North American assets.The state-owned group‘s loss in the corresponding
Dublin (dpa) - Ireland‘s fragile minority government could come crashing down due to a police whistleblower scandal after the opposition Sinn Fein party tabled a no-confidence vote Monday which is threatening to topple the Fine Gael-led
Bucharest (dpa) - Tens of thousands of Romanians took to the streets across the country for the third day on Thursday to protest a decree, passed by the new government, that weakens anti-corruption laws.The measure has plunged Romania into a
Rome (dpa) - Italy‘s lower house of parliament on Thursday approved a government bid to increase public debt by up to 20 billion euros (about 21.3 billion dollars) to fund a rescue package for Monte dei Paschi di Siena (MPS) and other ailing
Berlin (dpa) - The German economy grew at a faster pace in the final quarter of 2016 thanks to greater private consumption and a construction boom, the Federal Statistical Office says. Europe‘s largest economy grew by 0.4 per cent in the months
Tipps der Redaktion aus dem Nachrichtenportal
Paris (dpa) - French authorities have arrested three men in relation to suspected plans to carry out attacks in the country or travel to Syria, a source close to the investigation told dpa on Tuesday.One of the arrests was made in Paris, another in
Istanbul (dpa) - Six students in Turkey who were detained by police for singing in Kurdish, their mother tongue, received backing from politicians on Tuesday, which is marked globally as International Mother Language Day.After an era in which the
Cairo (dpa) - The bodies of 74 migrants washed ashore in Libya, in the north-western city of Zawiya, a spokesman of the International Federation of Red Cross and Red Crescent Societies (IFRC) said Tuesday.The bodies were found by the Libyan Red
Moscow (dpa) - The long-time president of the oil-rich, Caspian Sea nation of Azerbaijan, Ilham Aliyev, appointed his wife, Mehriban Aliyeva, as vice president on Tuesday.Aliyev, 55, who has ruled the authoritarian former Soviet republic for more
London (dpa) - Banking giant HSBC on Tuesday reported a 62-per-cent fall in its annual profit last year, blaming losses incurred from the sale of HSBC Bank Brazil and other one-off costs.The HSBC group reported pre-tax profit of 7.1 billion dollars
Beirut (dpa) - France‘s far-right presidential candidate Marine Le Pen walked away from a meeting on Tuesday with Lebanon‘s senior Muslim Sunni cleric after she refused to wear a headscarf.Le Pen, who is on a three-day visit to Lebanon,
Tipps der Redaktion aus dem Reiseportal
Berlin (dpa) - Medals at the Tokyo 2020 Olympic Games will be made from recycled material as local organizers called on the Japanese population to donate "discarded or obsolete electronic devices" for the purpose."The organizing committee aims to
The Olympic spirit is perhaps best in evidence when, for a brief, shining and historical moment, an outsider from a small nation grabs the glory with their first-ever medal.Rio de Janeiro (dpa) - Tears of joy, being overcome by emotion, instant fame,
Budapest (dpa) - Hungarian Premier Viktor Orban, currently attending the Rio Olympics, put in a word for Budapest‘s bid to host the 2024 summer games, promising a compact venue that would make "one large Olympic park" of Hungary‘s capital
Berlin (dpa) - Former German national trainer Juergen Klinsmann called Olympic trainer Horst Hrubesch‘s work with his young football team "totally outstanding" as Germany heads into a gold medal final against hosts Brazil on Saturday.In remarks
Thiago Braz da Silva won an improbable Olympic pole vault gold ahead of French top favourite Renaud Lavillenie, who is furious about the behaviour of the noisy crowd.Rio de Janeiro (dpa) - Thiago Braz da Silva stunned French top favourite Renaud
Rio de Janeiro (dpa) - Thiago Braz da Silva won Olympic pole vault gold for hosts Brazil shortly before midnight to wrap up a Monday which started with Poland‘s Anita Wlodarczyk winning the hammer throw with another world record at the Rio


(21.02.2017 15:11)

2 / 9 °C

1 / 8 °C
0 / 11 °C
powered by
Stock News





© europe online publishing house GmbH, Weiden, Germany, | Impressum