Archive · 1 Dec 2025
Norway Budget Talks Continue Amid Oil and Israel Disputes
Norway's government is having a hard time getting their budget approved.
They need support from smaller left-wing parties, but some of these parties have different opinions.
The Green Party wants to stop oil drilling by 2040, and the Socialist Left doesn't want Norway's big investment fund to put money into companies in Israel.
The government wants to keep exploring for oil and only exclude certain Israeli companies from investments.
They have until Friday to make a deal, or the prime minister might have to ask if the government is still trusted.
If the government falls, most people think the Labour Party would still win the next election, but they're not sure how they'll get the budget passed.
Norway's Labour government needs support from small left-wing parties to pass the 2026 budget.
Green Party and Socialist Left walked out over oil phaseout and Israeli investments.
Budget vote deadline is Friday, with potential confidence vote if no agreement.
Government wants to continue oil exploration and selective divestment from Israel.
Next election is due in 2029, making early elections or parliament dissolution impossible.
- Who
- Norwegian Labour Party government, supported by small left-wing parties
- What
- Budget negotiations over oil drilling and wealth fund's Israeli investments
- When
- Deadline for budget vote is Friday
- Where
- Oslo, Norway
- Why
- Disagreements over oil industry phaseout and investment in Israel
- Government
- Labour Party
- Budget Deadline
- Friday
- Oil Industry Phaseout
- 2040 (proposed by Green Party)
- Next Election
- 2029
- Key Negotiator
- Tuva Moflag (Labour)
- Prime Minister
- Jonas Gahr Stoere