Norway to tap Oil Fund for budget deficit

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NORWAY-The Ministry of Finance plans to spend an additional NOK9.5bn (US$1.5bn) in oil revenues as the global financial crisis continues to take a toll on the local economy, the Ministry said in its revised national budget on Friday.

The additional funds, which will come from the Government Pension Fund-Global, is one of a number of measures in what the Ministry called the most expansionary fiscal budget in over 30 years. T...

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