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Norway government budget in peril over oil, wealth fund's Israel investments

The minority Labour government seeks compromise on oil exploration and wealth fund divestment to avoid a confidence vote as the 2026 budget faces opposition from key left-wing parties.

Summary by Reuters
Norway's minority Labour government failed to win backing for its 2026 draft budget by an end-November deadline but talks will resume in parliament to find a compromise over oil drilling and the wealth fund's Israeli investments, a negotiator said on Monday.

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Bloomberg broke the news in United States on Sunday, November 30, 2025.
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