Haushalt: Norwegische Regierung will mehr Geld aus Staatsfonds entnehmen

Oslo - The Norwegian government aims to fund its budget with significantly more money from its large sovereign wealth fund, according to the minority Labour Party government. On Wednesday, they proposed taking 608.4 billion Norwegian Kroner (approximately 57 billion euros) from the fund, which currently holds around 2.1 trillion euros.

For comparison, this year's allocation is expected to be 583.4 billion Kroner (about 54 billion euros). To pass the budget, the government must negotiate with four parties from the center and left. The draft budget is expected to have a neutral impact on economic activity, the government reported. Meanwhile, they lowered their growth forecast for the domestic economy, excluding the oil sector, for this year to 1.1 percent, down from an earlier 1.7 percent in May.

For 2027, a growth of 1.7 percent is now anticipated, up from a previous 1.6 percent projection. The structural deficit without oil revenues, an important indicator for spending from the sovereign fund, is expected to remain at 2.7 percent of the fund's value, unchanged from the current year.