Norway Ready to Cut Budget If Krone Too Strong, Premier Says
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Norway’s Prime Minister Erna Solberg said her government is ready to cut its budget proposal should the exchange rate prove too strong for exporters to stay competitive.
“If the Norwegian krone starts to appreciate more, we have to cut back on our budget,” Solberg said today in an interview in Oslo. “One of the long-term goals of this government is to make sure there is competitiveness for our non-oil businesses so they become better. And one of the areas for competitiveness is investments and the exchange rate.”