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Norway’s New Rulers Pledge $17 Billion Fund and Tax Cuts

Norway’s new government vowed to cut income taxes, sell state assets and establish a 100 billion-krone ($17 billion) fund to aid the construction of roads and other infrastructure in western Europe’s largest oil producer.

Erna Solberg, leader of the Conservative Party and incoming prime minister after winning the Sept. 9 election, and Progress Party leader Siv Jensen yesterday presented a 75-page platform revealing how the coalition plans to rule Scandinavia’s richest economy over the next four years.