Norway Plans 63 Billion Fund Draw
Norway plans to withdraw 608.4 billion crowns from its wealth fund in 2027 to cover public expenses. The minority government faces budget negotiations with four parties. Meanwhile, mainland GDP growth is projected to reach 1.7 percent next year.
Norway will withdraw 608.4 billion Norwegian crowns ($63.61B) from its sovereign wealth fund in 2027. The minority Labour Party government aims to cover rising public expenses from the $2.3 trillion fund. Oslo must now negotiate with four centrist and left-wing parties to pass the budget.
