Siv Jensen: – Less money from the oil fund for upcoming budgets

Finance Minister Siv JensenFinance Minister Siv JensenPhoto: Berit Roald / NTB scanpix

Finance Minister Siv Jensen warns that the budget for 2017 is the last with increased use of money from the oil fund.

Newspaper Dagens Næringsliv writes that in 2017 the government will increase the use of money from the  oil fund by 15 billion kroner, to a level which experts say is too high. In the national budget the government writes that there will not be room for further withdrawals of more than four billion kroner over the next few years.

Siv Jensen’s budget record was in 2016 when she increased the budget by 35 billion kroner.  The finance spokesperson of Ap, Marianna Martinsen says it does not seem that Jensen has planned for the current government coalition to be in power for longer than four years.

– Siv Jensen warns upcoming governments against carrying on the way she has done. They have increased the level of money being spent from the oil fund by almost 100 billion kroner,  Martinsen says.

Finance policy spokesman of Left, Terje Breivik, said the government, in reality admits to spending money irresponsibly  until now.

– The government’s own figures and projections of oil spending fully demonstrates  that the current level of money from the oil fund being spent, is not close to being sustainable.

And the projections are even presupposing   a budget impulse which is far above that which the government’s own expert committee recommends, says Breivik.


Source: NTB scanpix / Norway Today