Thu, Oct 23, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

Norway shows the smart way to handle boom

Posted on 03 May 2013

Increasing signs of a slowdown in China–the latest manufacturing survey shows the sector is only just treading water–are blowing a chill wind over Australia’s miners. Mining makes up around half of Australia’s exports and China is by far the country’s biggest customer, accounting for nearly a quarter of Australian sales abroad.
During the past 30 years, government revenues from the UK’s North Sea oil have gone towards current consumption. The government used the windfall to cut taxes and spend more on services. Norway, by contrast, salted much of it away into a sovereign wealth fund, there to soften the blow for when the oil runs out. Its sovereign wealth fund, the biggest in the world, is worth some $730 billion………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 15007 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031