Norway plans to spend $37.3 billion from wealth fund in 2024

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Norway plans to spend $37.3 billion from wealth fund in 2024
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Norway plans to spend $37.3 billion from wealth fund in 2024

OSLO -Norway's minority government said on Friday it plans to raise spending in 2024 from the country's $1.4 trillion sovereign wealth fund, the world's largest, despite rampant inflation that has hit households and businesses.

Gross domestic product for the non-oil economy is expected to grow by 0.6% this year, rising to 0.8% in 2024 and 1.9% in 2025, the finance ministry predicted.

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