Norway Proposes $63.7B Oil Fund Withdrawal for 2027 Budget

Norway's government proposed withdrawing 608.4 billion crowns ($63.7B) from its sovereign wealth fund for 2027 spending, a modest real increase of 4.9 billion crowns versus 2026. The move reflects continued reliance on oil wealth to fund public expenses, with implications for global capital flows as the world's largest sovereign fund taps reserves.