Norway to raise spending from wealth fund -statistics agency

June 2, 2016 10:23 AM

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OSLO, June 2 Norway will probably continue to increase the spending of money from its $860 billion sovereign wealth fund next year as the government battles an economic downturn, Statistics Norway's chief forecaster Torbjoern Eika (SSB) predicted on Thursday.

Norway's structural non-oil deficit, a key measure of fiscal spending, is expected to rise to more than three percent of the value of the wealth fund in 2017 and 2018 from an expected 2.8 percent in 2016, SSB said.

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