Oil will finance spending of Norway

The Ministry of Finance of Norway pointed out that will use the financial resources arising from oil to help the domestic economy to resist high prices in 2017. Oil-related revenue in the total of 225.6 billion Norwegian kroner, equivalent to $28.1 billion, will be used to finance public spending this year.

The likelihood is that the value of the Fund will reach 7.67 trillion kroner by the end of 2017, up from 7.42 trillion kroner at the end of 2016, according to the Nordic Ministry.