News Analysis: Norway Sovereign Fund has quickly grown so the percentage taken from it, only 2.9%, is conservative. Since up to four percent can be withdrawn in a year, the government has acted with fiscal restraint. The $23,000,000,000.00 to be withdrawn will help the Norwegian Population with any possible economic slowdown.
The Norwegian government is to be commended with the Economically Judicious Policy of Non-Profligate Spending. Some other Governments, on other continents, favor Extravagant Spending. Perhaps they naively think merely printing Great Sums of Money is easy and solves short term needs. They have no thought, nor care, of the long-term damage such gross wastefulness has on a Country’s Economy.
Reference: http://www.arabnews.com/news/474506