Norway to use NOK 125 bln from oil fund in 2013 budget -NRK

OSLO, Oct 8 (Reuters) - Norway plans to spend 125 billionNorwegian crowns ($21.7 billion) of its oil revenue in 2013, or3.3 percent of the fund's value, public broadcaster NRK reportedon Monday.

Norway, the world's eighth-largest oil exporter, runs bigsurpluses when petroleum revenue is counted but has a structuraldeficit without the oil money.

Finance Minister Sigbjoern Johnsen calls the 2013 budget"tight", NRK said.

In a "normal year" up to 4 percent of the $650 billion oilfund can be used to plug the budget hole.

In May, the government saw this year's deficit at 122.2billion crowns.($1 = 5.7590 Norwegian crowns)

(Reporting by Victoria Klesty; editing by Philip Barbara)

((victoria.klesty@thomsonreuters.com)(+47 2293 6979)(ReutersMessaging: victoria.klesty.thomsonreuters.com@reuters.net))


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