Thursday, October 16, 2025
Norway to boost spending from Its $2 trillion oil fund in 2026 budget-oil and gas 360

Norway to boost spending from Its $2 trillion oil fund in 2026 budget

(Oil Price) – 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, according to the draft budget of the Labor party, which won a second term in office at the general elections last month. The Labor government of Jonas Gahr Støre will need support from its junior