Norway to Boost Spending from Its $2 Trillion Oil Fund
The Norwegian government proposes to increase spending from its massive oil fund in the 2026 budget, relying on substantial petroleum revenues to finance its welfare state.
The Labor government of Jonas Gahr Støre will need support from its junior partners in the coalition to pass the bill in Parliament.
The 2026 budget proposes to use $57 billion from the oil fund.
The Norwegian government on Wednesday proposed to raise the spending from the country’s oil fund, the world’s largest sovereign wealth fund, in next year’s budget.
- Norway's oil fund is the world's largest sovereign wealth fund.
- The 2026 budget relies on substantial petroleum revenues.
Author's summary: Norway boosts oil fund spending.
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