OSLO, May 11 (Reuters) – Norway should spend a record amount of cash from its $1.3 trillion sovereign wealth fund this year as it continues to battle the pandemic’s economic impact, the centre-right minority coalition government told parliament on Tuesday.
Conservative Finance Minister Jan Tore Sanner now proposes withdrawing 402.6 billion Norwegian crowns ($48.66 billion) from the wealth fund in 2021, up from 331.1 billion crowns seen last November.
$1 = 8.2732 Norwegian crowns Reporting by Terje Solsvik, editing by Victoria Klesty
