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Reuters

Norway’s outgoing government proposes wealth fund spending cut

OSLO (Reuters) -Norway should sharply cut spending from its $1.3 trillion sovereign wealth fund in 2022 as the economy rebounds from the pandemic, the outgoing centre-right minority government told parliament on Tuesday. In one of its last official acts before stepping down later this week, the government proposed withdrawing 322.4 billion Norwegian crowns ($37.6 billion) from the wealth fund next year, down from 406.8 billion crowns in 2021. The government of Conservative Party Prime Minister Erna Solberg lost https://www.reuters.com/world/europe/norway-opposition-expected-win-election-fought-oil-inequality-2021-09-13 last month’s election for parliament and will be replaced https://www.reuters.com/world/europe/norways-labour-centre-agree-form-minority-government-2021-10-08 by a coalition of the leftwing Labour Party and the rural Centre Party.



Source : yahoo

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