07-10-14 17:57 pm – Source: Reuters
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A gas field at Groningen Loppersum. © anp
The natural gas field in Groningen Slochteren had the Dutch state 85 billion more can deliver the 265 billion over the past 50 years have come inside. According to a report by the Court today
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The natural gas could generate 350 billion as the Netherlands had chosen the ‘Norwegian strategy’ to an investment fund to stop more use for spending the money. instead of gas revenues in 1960 In addition, there would be in that scenario annual 4 percent of the assets of the fund to the general funds of the State have been added. In 2013 it would have gone to an amount of 13 billion euros.
Norway the revenue from gas and oil put into an investment fund that holds a large annual return. The Court can not say exactly where the 265 billion of Dutch natural gas is spent. Until 1995, the money was spent on benefits, care, education and other major items of expenditure in the national budget.
Between 1995 and 2010, was part of the natural gas through a fund for strengthening the economic structure (FES) to infrastructure as the Betuwelijn and the High Speed Line. That goes for 26 billion of the 33 billion at the FES have come in
. Natural gas revenues in the future
The Court provides the government three scenarios for dealing with natural gas in the future. The first is the spending through general funds, as now happens. The second scenario is similar to the FES, and the third scenario follows the Norwegian strategy. Is so elected, it can be a power of 150 billion euros in 2035 yield, according to calculations by the Court. The disadvantage is that it leads to a higher budget deficit in the first years.
Minister Henk Kamp of Economic Affairs states in a reaction that he takes the ECA report in the preparation of plans for a Future Fund for Innovation that the government has agreed with the friendly opposition. This fund receives an initial capital of 200 million
(Edited by: Editorial).
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