Norwegian opposition leader urges more oil revenue for tax cuts, challenges fiscal rule

Norwegian opposition leader Ine Eriksen Søreide argues there is 'significant room for tax cuts' funded by increased use of oil revenues, describing the fiscal rule as a 'sleeping bag' that constrains policy. This signals a potential shift in Norway's fiscal policy debate ahead of elections, challenging the long-standing spending cap. The proposal could alter Norway's sovereign wealth fund accumulation trajectory if adopted.