Norway’s oil fund now finances a quarter of the state budget

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  Norway’s sovereign wealth fund financed a quarter of the state budget in 2026.

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  The government withdrew 579 billion Norwegian kroner, about 54 billion euros, from the fund to pay for spending.

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  The fund held nearly 22 trillion kroner, about 2.03 trillion euros, in assets in early October.

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  It was invested in 67 countries and more than 7,000 companies, and held 1.5% of all listed shares worldwide.

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  The fund’s impact on Norway’s economy and society is now being debated.

Who

Norway’s centre-left government withdrew money from the country’s oil fund.

What

It took 579 billion kroner from the fund to finance government spending, equal to a quarter of the state budget.

When

In 2026; the fund’s reported asset value was from early October.

Where

Norway.

Why

To finance government spending.

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