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Norway mulls changing spending rules for world's largest sovereign wealth fund to support Ukraine

Photo by Michael Fousert / Unsplash

The Norwegian government is examining a budgetary rule that caps the amount of money it can spend from its sovereign wealth fund, the world's largest, as it seeks to boost aid for Ukraine, Euractiv reported, citing multiple sources.

A budget rule introduced in 2001 prevents the government from spending more than 4% of its $1.7 trillion Government Pension Fund Global per year, but opposition politicians, the media and some government allies are calling for change.

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