Oslo goes towards billions in deficit due to the Coronavirus outbreak

Oslo City Hall, Oslo municipality finedOslo City Hall.Photo: Norway Today Media

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The municipality of Oslo is liable to have a billion deficit if the state does not allocate more money than it can with the current support schemes.

City Councilor Raymond Johansen (Ap) tells Klassekampen that the capital is facing a deficit of NOK 2.4 billion as a result of massive revenue failure and increased expenses due to the virus outbreak.

Under the support schemes that the government has established, the municipality still faces a deficit of about NOK 1.1 billion.

-“How hard we are hit is up to the government. I have very high expectations for a revised national budget. We need at least NOK 1 billion more,” says Johansen.

© NTB Scanpix / #Norway Today

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