Norway Stops Making Withdrawals From Its $1 Trillion Wealth Fund

Norway has stopped dipping into its $1 trillion wealth fund after fending off the biggest downturn for its oil industry in a generation.

Data show that the government for the first time since it started withdrawals from its massive piggy bank in 2016, refrained from taking out any cash in both February and March. Just as recently as October, the government had estimated it would need to withdraw 72 billion kroner ($9 billion) this year to cover budget holes.