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The Liberals fear that the government’s use of oil money will make it difficult for the banks to cut interest rates

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Venstres Sveinung Rotevatn fears that the use of oil money in the revised national budget will lead to interest rates not being lowered quickly enough, and that this in turn will lead to the interest rate differences between Norway and other countries increasing drastically. Photo: Gorm Kallestad / NTB

Of NTB | 14.05.2024 09:00:02

Policy: Norwegian families’ biggest concern is the interest rate, according to Venstre’s fiscal policy spokesperson Sveinung Rotevatn.

– That seems to be the least of the finance minister’s worries. The budget is actually more expansive than Norges Bank’s upper estimate, he says.

Rotevatn fears that the increase to NOK 418.7 billion in the use of oil money in the revised national budget will keep interest rates high for longer, as well as contribute to increasing interest rate differences between Norway and other countries.

The Liberal Party agrees that the Armed Forces must be strengthened, and that support for Ukraine must be increased. But the fact that the government, among other things, spends money on reversing the court reform – against most professional advice – is “headless prioritisation”, Rotevatn believes.

(© NTB)

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