根据挪威财政部的消息，该国计划在2027年继续使用其2.3万亿美元的主权财富基金来支付公共支出，支出比例与今年保持一致，以防止物价压力进一步加剧。
Norway plans to cover public expenditures from its $2.3 trillion sovereign wealth fund in 2027 at the same rate as this year to avert fanning price pressures.
这个能源资源丰富的国家计划从该基金的收益中支出6080亿克朗（约合640亿美元），占基金总收益的2.7%。这一支出比例与2026年相同，也低于挪威中央银行上个月预测的2.8%。
The energy-rich nation aims to spend 608 billion kroner ($64 billion) of the fund’s returns, or 2.7% of the total fund, according to key figures of the 2027 draft budget released Wednesday by the Finance Ministry. That ratio would be same as in 2026 and below the central bank’s 2.8% projection published last month.
过去五年里，经过调整后的挪威预算赤字持续扩大，这导致该国越来越依赖从这个世界最大的主权财富基金中提取资金；而该基金本身也因全球股市的强劲表现而获得了丰厚的收益。
Norway’s budget deficits, adjusted for revenues from oil and gas, have widened for the past five years. That’s boosting the nation’s reliance on withdrawals from the world’s largest sovereign wealth fund, which itself has benefited from hefty global equity returns.
财政部表示：“预计这项预算提案对明年的经济活动不会产生显著影响。”不过其经济模型预测，该提案将在2027年对挪威本土经济产生0.1%至0.2%的促进作用。
“The budget proposal is estimated to have a neutral effect on the activity in the economy next year,” the ministry said, while adding that its economic models suggest a 0.1-0.2 percentage point effect on mainland economy in 2027.
在预算中，税收减免措施将是20年来力度最大的——总额达到64亿克朗。总理约纳斯·加尔·斯特勒在预算公布前对当地媒体VG表示：“这些税收减免措施将对经济产生积极影响。”
Tax breaks in the budget will be the biggest in 20 years, worth 6.4 billion kroner, Prime Minister Jonas Gahr Støre told local media VG ahead of the release. The spending plan may affect the monetary policy designs of Norges Bank, which last month flagged preparedness to tighten more after two interest-rate hikes this year.
这一支出计划可能会影响挪威央行的货币政策制定。挪威央行在上个月表示，由于今年已经两次上调利率，他们准备进一步收紧货币政策；同时央行还在9月份指出，根据财政部的估计，预计的预算将在2026年和2027年对挪威经济产生扩张性影响。
It also said in September that the expected budget would have “an expansionary effect on the Norwegian economy in 2026 and 2027,” citing finance ministry estimates. International organizations, including the International Monetary Fund and the Organization for Economic Cooperation and Development, have urged more fiscal restraint from the Labor cabinet.
包括国际货币基金组织（IMF）和经济合作与发展组织（OECD）在内的国际机构均呼吁挪威政府加强财政纪律，以降低该国经济对主权财富基金价值下降的脆弱性。虽然现行财政规则将支出上限设定为基金价值的3%（即基金的预期实际回报率），但由于基金规模的持续增长，这一规则对支出的实际限制作用已经变得微乎其微。
The goal is to reduce vulnerability to any declines in the value of the fund that now pays for more than a quarter of public spending. While a so-called fiscal rule caps expenditure at 3% of the fund value, same as its expected real return, the fund’s growth has meant the rule’s effective limit on spending remains minimal.
这个由少数党组成的内阁现在需要与其主要立场偏左的、规模较小的盟友进行谈判。这些盟友此前已经反对过一些较为保守的政策建议，例如削减电力补贴。
The minority cabinet will now need to negotiate the draft with its mainly left-leaning smaller allies that have already opposed some of the more conservative plans, such as a reduction in an electricity subsidy.