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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Norway SWF estimated close to EUR580bln value by end 2013

Posted on 09 October 2012

Sigbjørn Johnsen, Norway’s minister of Finance, has reiterated the strength of the country’s sovereign wealth fund in his briefing on the latest proposed Budget. He said that the country’s economy overall was performing better than predicted in May this year despite the strength of NOK hitting exporters in sectors other than oil and gas.
Meanwhile, the consolidated surplus on the Budget and the Government Pension Fund, including NOK131bn in interest and dividends, is estimated at NOK380bn, or 12.7% of GDP………………………………………..Full Article: Source


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