Norway to Increase Spending from $2 Trillion Oil Fund
The Norwegian government plans to boost spending from its massive oil fund in the 2026 budget.
The proposal relies on substantial petroleum revenues to finance the country's welfare state.
- The draft budget was proposed by the Labor party, which won a second term in office last month.
- The government will need support from its junior partners to pass the bill in Parliament.
The 2026 budget proposes to use $57 billion from the oil fund.
Tsvetana, a writer for Oilprice.com, reports on the development.
Author's summary: Norway boosts oil fund spending.
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