To: tomjohn77
Also less than 4% of the revenue from the oil is spent over the budget.
That is the direct influence of oil in the budget, but there is an indirect one, since oil revenues affect the entire economy and part of that money is recovered again by the government through taxation.
Look, what I see is that the level of prices in Norway isn't comparable to any other one in Europe.
9 posted on
06/26/2007 11:24:42 AM PDT by
J Aguilar
(Veritas vos liberabit)
To: J Aguilar
Look at other countries with with huge mineral reserves and oil. Most of them are poor. Big natural resources can make it harder it in a good economical way. Our prices are close to the other Nordic countries. Btw look at different reports about economies in the world and most of them will tell you Norway has a good business environment.
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