Smaller room for oil money use

Jan Tore SannerMinister of Finance Jan Tore Sanner (Conservative Party) : Terje Pedersen / NTB scanpix

Minister of Finance Jan Tore Sanner (H) will use what is necessary. “But when growth picks up, oil money spending must go down”, he states.

On Wednesday, the governing parties gathered for a budget conference at the Prime Minister’s office in Oslo. There, the framework and main priorities will be determined for the government’s proposal for the state budget for 2021.

At a press conference just before the start of the meeting, Minister of Finance Jan Tore Sanner (H) defended the extraordinarily high use of oil money in 2020. According to him, this use of money was necessary to avoid a deeper crisis and further unemployment.

“It was a real investment”, said Sanner.

“At the same time, we must also ensure that when growth gradually picks up and unemployment falls, there will be lesser room to spend the same amount from our common savings”, he added.

There will still not be a full stop.

“We will use what is necessary to strengthen the economy and ensure that unemployment goes down further. It is an important part of reliable financial management”, he said.

© NTB Scanpix / #Norway Today


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