UPDATE 2-Norway plans record election year spending from wealth fund
By Reuters Staff (Adds finmin quotes, GDP forecast, detail) OSLO, May 11 (Reuters) - Norway should spend a record amount of cash from its $1.3 trillion sovereign wealth fund this year as it continues to battle the pandemic’s economic impact, the centre-right minority coalition government told parliament on Tuesday. Finance Minister Jan Tore Sanner now proposes withdrawing 402.6 billion Norwegian crowns ($48.66 billion) from the wealth fund in 2021, up from 331.1 billion crowns seen last Novem...
Gareth Jones Terje Solsvik Erna Solberg Jan Tore Sanner Thomson Reuters Trust Principles Progress Party
Source: reuters.com