“Norway predicts it will for the first time need to withdraw cash from its $820 billion sovereign wealth fund as western Europe’s biggest oil exporter uses a record chunk of its petroleum revenue to cover budget holes and stimulate the economy. Tapping the fund to cover budget needs comes at a time when the managers of the fund, set up to safeguard the wealth of future generations, warn that it also faces diminished returns amid record-low interest rates. The government said it will spend 4 billion kroner on a jobs plan and cut or hold income taxes for nine out of 10 people. It’s lowering the corporate tax rate to 25 percent from 27 percent and aims to cut it to 22 percent by 2018.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Google: Controversial Quantum Computer Really Works
Analyst: All Of My Clients Think There's A Bitcoin Bubble, Despite 'Perfect Storm'
China Bitcoin Exchange Restores Deposit Facility
Australian Central Bank Cuts Key Rate to Record-Low 2.75%
Stockman: GOP made budget deal a 'joke and betrayal'
Security Breach and Spilled Secrets Have Shaken the N.S.A. to Its Core
Pentagon approves iPhones, iPads for military use
Silk Road Vendor Argues He Sold Legal Products For Seized Bitcoins
Iceland EU accession talks break down over mackerel quotas
Eric Holder Owes the American People an Apology
Judge bars Starbucks from closing 77 failing Teavana stores
Venezuela becomes next country to ban its own money, citing vast conspiracy
Spying row whistleblower Edward Snowden urged by top official to leave Hong Kong
Britain fights EU's 'Big Brother' bid to fit every car with speed limiter
Government Now Tracking Millions of U.S. Cars