Norway´s government seeks for renewal of the national budget - International Reports
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Norway´s government seeks for renewal of the national budget
by
André Oktay-Dahl, Elisabeth Bauer, Inken Sittler
Norway has to reduce its dependence on mineral oil
The decline of prices of mineral oil from about 110 USD (around 97 Euro) per barrel in summer 2014 to the current price of under 50 USD (around 44 Euro) endangers Norway's wealth. The development of the oil and gas prices has been weaker than expected, although the oil prices have slightly increased again in the last two months. That is why the Norwegian state has to balance out lower income from the mineral oil activities. At the same time, state oil funds grow slower than predicted.
