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What is the Norwegian oil fund and how does it work?

Summary by Ground News

In 1990, the Norwegian parliament passed legislation to create what is now known as the Government Pension Fund Global. It is estimated to continue to fund Norway's social costs for 300 years and is worth roughly $250,000 per Norwegian citizen. The National has spoken with various academics on why the fund is so important and how the model might be replicated.

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What is the Norwegian oil fund and how does it work?

IN 1969, one of the largest offshore oilfields in the world was discovered off Norway and, suddenly, the country had a lot of product to sell.

1 year ago·Glasgow, United Kingdom

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The National broke the news in Glasgow, United Kingdom 1 year ago on Tuesday, February 27, 2024.

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