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Norway raises oil wealth spending to avert recession

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Ms Jensen says a key priority is to support growth and jobs in sectors open to international competition.

Oslo

NORWAY'S government boosted the amount of oil money it will spend this year to a record, dipping deeper into its sovereign wealth fund to ward off a recession.

The government will use 205.6 billion Norwegian kroner (S$34.4 billion) of its oil wealth, up from the 195.2 billion