Chart of the week: Norway taps its piggy bank
For the first time since Norway set up its sovereign wealth fund in 1996, the state has tapped it to cover some public spending.
Saudi Arabia isn't the only nation struggling following the oil-price slide, says ZeroHedge.com. For the first time since Norway set up its sovereign wealth fund in 1996, the state has tapped it to cover some public spending.
This is still under the 4% annual withdrawal limit ($36bn), which may be cut, given the difficulty of earning a decent yield these days.
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