Oil Cash Habit Could Be Hard to Kick for Norway's Vote Winner
- Oil cash spending now equal to almost 8% of GDP in Norway
- Norway election is too close to call ahead of Monday vote
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Most politicians will talk tough on fiscal discipline before they get their hands on the world’s largest sovereign wealth fund.
Hilde Bjornland, one of Norway’s most prominent economists, isn’t putting too much faith in talk from the main protagonists in Norway’s election campaign of clamping down on spending from the nation’s vast oil wealth.