Budget proposal: Norwegian aid level nosedives in wake of spiking war-time economy

News May 12, 2026 / By: Bjørn H Amland

New estimates of Gross National Income (GNI) show that the Norwegian economy has received a huge boost due to spiking oil prices and war, this time in Iran. Development Today has calculated that the current aid budget is on a path to 0.92 per cent of GNI, far below the level presented in the revised budget Tuesday, which uses old economic forecasts.

Stoltenberg revidert vår 2026 Photo Ida Laingen.jpg — Norway’s Minister of Finance Jens Stoltenberg presented the revised fiscal budget Tuesday. (Photo by Ida Laingen)

For subscribers, please log in. To become a subscriber or to read one free article, click below.