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Norway to spend less cash from wealth fund in 2020

Published 10/07/2019, 02:09 AM
Updated 10/07/2019, 02:11 AM
Norway to spend less cash from wealth fund in 2020

OSLO (Reuters) - Norway plans to spend less money next year from its $1.1 trillion sovereign wealth fund, the world's largest, the centre-right majority government said on Monday.

Under its 2020 draft budget, cash spending from the fund will decline to 243.6 billion Norwegian crowns ($26.79 billion) next year from 246.2 billion crowns in 2019, the Finance Ministry said.

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