Headlines
Norway to raise 2025 wealth fund spending to $52 billion
Published by Global Banking & Finance Review®
Posted on May 15, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 15, 2025
1 min readLast updated: January 23, 2026
Norway plans to increase 2025 wealth fund spending to $52 billion, focusing on Ukraine support amid global economic uncertainty.
OSLO (Reuters) -Norway's Labour Party government plans to spend more than originally planned from the country's sovereign wealth fund in 2025 to pay for increased support to Ukraine and other priorities, it said in a proposal to parliament on Thursday.
Cash spending from the $1.8 trillion sovereign wealth fund is now expected to reach 542.4 billion Norwegian crowns ($52.19 billion) this year, up from 460.1 billion originally planned last October, the government said in a revised fiscal budget.
"Uncertainty is high, and the risk of a global economic downturn has increased," the government said in a statement.
Parliament in March agreed to more than double its financial pledge to Ukraine this year to help the country in its fight against the Russian invasion, and Thursday's spring budget bill formalised the spending.
In its budget, the Norwegian government also cut its forecast for economic growth (non-oil GDP) outside the oil industry to 1.8% in 2025 from a previous estimate in March of 2.0%.
($1 = 10.3926 Norwegian crowns)
(Reporting by Terje Solsvik, editing by Gwladys Fouche and Essi Lehto)
The article discusses Norway's plan to increase spending from its sovereign wealth fund in 2025, focusing on support for Ukraine and other priorities.
Norway is increasing its spending to provide more support to Ukraine and address other economic priorities amid global uncertainty.
Norway plans to spend 542.4 billion Norwegian crowns, equivalent to $52.19 billion, from its sovereign wealth fund in 2025.
Explore more articles in the Headlines category
