OSLO, Feb 2 (Reuters) - Norway will increase the
spending from its sovereign wealth fund in the coming years to
fund military and civilian aid to Ukraine, Norwegian Prime
Minister Jonas Gahr Stoere told parliament on Thursday.
The Nordic country's $1.3 trillion wealth fund, one of the
world's largest investors, has seen a sharp rise in revenue
inflows as the price of Norwegian oil and gas exports soared
following Russia's invasion of Ukraine.
The prime minister did not specify how much money Norway
would spend on Ukraine aid, but said it would be a multi-year
commitment.
"This will lead to a temporary increase in spending from the
sovereign wealth fund," Stoere said.
The extra spending should not impact the Norwegian domestic
economy, avoiding any impact on interest rates, he added.
(Reporting by Terje Solsvik, editing by Nora Buli)
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