Norway tops up university funds with NKr 1bn

Extra sum to compensate for wage and price growth hitting country’s economy

The Norwegian government has committed to giving an extra 1 billion Norwegian kroner (€85.4 million) to the country’s knowledge sector, as part of its revised budget.

Most of the funding will benefit universities and colleges, the government confirmed, with the Norwegian University of Science and Technology (NTNU) to be the biggest beneficiary. The budget increase was proposed by the government of prime minister Jonas Gahr Støre to compensate for the large wage and price growth that has hit Norwegian society over the past 18 months.