Norway's sovereign fund nears 23 trillion kroner; state to draw 608 billion in 2027

Norway's sovereign wealth fund has grown to nearly 23 trillion kroner, equivalent to about four million kroner per capita. The government plans to withdraw 608.4 billion kroner in 2027 to fund state spending, reflecting continued reliance on oil revenues. This signals sustained fiscal expansion, potentially supporting domestic demand but also raising questions about long-term sustainability.