Norway’s government proposes measures worth 16.3 billion kroner in new corona crisis package

Erna SolbergPhoto: Håkon Mosvold Larsen / NTB
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The Norwegian government is proposing new measures totaling NOK 16.3 billion. The measures are aimed at young people, students, laid-off workers, and others.

“Throughout the pandemic, we have said that we will do what is necessary for Norway to get through the crisis in the best possible way. We work according to different scenarios for what the infection situation will look like in the future and want measures that are flexible and can easily be adapted to developments. 

“The strict infection control measures are very stressful for many, but the proposals we present today make the situation a little easier for those who are hardest hit,” Prime Minister Erna Solberg (H) said.

One of the key individual measures in the crisis package for the business community is an extension of the compensation scheme for a fall in turnover, for which NOK 4 billion will be allocated. In addition, NOK 1.1 billion will be allocated for measures aimed at keeping students in education, and NOK 500 million for summer school offers.

Increased use of oil money

The use of oil money in the state budget will increase by NOK 18.6 billion as a result of the new crisis measures proposed by the government.

Thus, there is a chance that the amount of oil money used in 2021 will amount to NOK 363.2 billion if the proposal is adopted. 

In the original proposal for the state budget, which was presented in October, the use of oil money was set at just over NOK 313 billion, but after consideration in the Norwegian parliament (Storting), the sum was increased to NOK 344.6 billion. 

Source: © NTB Scanpix / #Norway Today / #NorwayTodayNews

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