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Norway to Spend Less Than 4% Rule Over Next Years, Johnsen Says

Norway’s government should spend less than 4 percent of the nation’s sovereign wealth fund in the next few years, as it takes into account the country’s economic expansion, the finance minister said.

The government will return to the fiscal spending rule this year, Sigbjoern Johnsen wrote today in an article published in Aftenposten.

The rule requires the government to limit spending to the average return on the country’s oil fund, estimated at an annual 4 percent.

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