Norway should cut spending from its wealth fund, government says

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OSLO, Aug 25 (Reuters) – Norway should cut public spending next year to reduce the reliance on cash from its sovereign wealth fund, the prime minister and the finance minister said at the start of a two-day budget conference on Wednesday.

The Conservative-led minority coalition government has spent record amounts from the $1.4 trillion fund in 2020 and 2021 to combat the economic impact from the COVID-19 pandemic. (Reporting by Terje Solsvik, editing by Gwladys Fouche)

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