The approx. 16 billion NOK public allocation crisis package will contribute to increasing the country's level of activity, but will not be sufficient to reverse the crisis in Norway's business sector. It's positive that more money has been allocated to investments and maintenance of roads and railway.
- The crisis package is as expected directed towards the public sector. For those us who work in the private sector, apart from the construction industry, there is little reason to believe that the problems have been solved, says Market- and Communications Manager of Tollpost Globe, Mr. Ole A. Hagen.
The decrease in private spending is problematic for the business sector. We can see no measures taken directed at stimulating household spending. Measures directed at increasing business investments seem somewhat stingy.
Based on the aim of rapidly increasing employment, the package is hopefully well directed, even if primarily directed at the public sector. Indirectly, this will contribute to increased private spending. It's also positive for the industry that the Government will allocate NOK 2.3 billion to road improvement purposes and NOK 1.3 billion to the railway.
- The most important issue for the transport sector is still that the Government undertakes to implement a long term improvement, so we consequently really can do something about the road- and railway standard in Norway, concludes Mr. Hagen.
For further information, please contact: Market- and Communications Manager Ole A Hagen (mobile) (0047) 413 28 087