The Norwegian government plans to spend more oil revenue than it makes for a third year in a row next year, writes Beate Schjolberg.
The newly re-elected conservative-led government plans to withdraw a total Nkr255.4 billion ($32.4 billion) from its so-called petroleum fund to balance the budget, accounting for 19.3% of total expected state spending next year.
The share of oil revenue used in the budget has increased in recent years, from around 11% under the previous Labour-led government in 2013 to 19.9%
