Petroleum Fund return won't cover future pensions spending
NORWAY - The return on the NOK1183bn Petroleum Fund will not be enough to cover future spending on old age and disability pensions, according to governor Svein Gjedrem (pictured) of Norges Bank.
In a speech due to be given today on monetary policy and the outlook for the Norwegian economy, Gjedrem is expected to cite Ministry of Finance calculations which state a funding requirement equivalent...
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