Norway Tightens the Purse Strings: A Closer Look at the 2025 Draft Budget

In a move that underscores fiscal prudence, Norway has unveiled its draft budget for 2025 with a distinct aim to slow down the spending of its substantial oil wealth. The new budget proposal was disclosed on October 7, 2024, marking a strategic shift by the Norwegian government as it seeks to ensure the nation's financial resilience in an unpredictable global economy.

Continue reading