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Norway to raise 2025 wealth fund spending to $52 bln - REUTERS
OSLO, May 15 (Reuters) - Norway's Labour Party government plans to spend more than originally planned from the country's sovereign wealth fund in 2025 to pay for increased support to Ukraine and other priorities, it said in a proposal to parliament on Thursday.
Cash spending from the $1.8 trillion sovereign wealth fund is now expected to reach 542.4 billion Norwegian crowns ($52.19 billion) this year, up from 460.1 billion originally planned last October, the government said in a revised fiscal budget.