Economics
Norway Is Plowing Cash Back Into Its Wealth Fund
- Norway lowers base tax rate to 22% and reduces wealth tax
- Conservative-led government keeps tax rate on banks at 25%
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Cash is once again flowing into the world’s biggest wealth fund.
Norway’s government on Monday proposed depositing 24 billion kroner ($2.9 billion) in the fund this year and 53 billion kroner next year, according to budget documents. It took out 64 billion kroner in 2017.