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Sovereign Wealth Funds Briefing - Categorized | Financials

Poor little rich country Norway has more money than it can spend

Posted on 11 September 2013

While the rest of us are fishing for quarters down the back of the couch, lucky Norway is sitting on a nest egg so massive they dare not spend it lest the country’s economy boil over. Thanks to their possession of a shirtload of oil, the country holds the world’s largest sovereign wealth fund, worth $750 billion.
The government of Norway can spend just four percent a year (the fund’s estimated return) on providing its people with pretty much everything they would ever need and, although things could change under a newly elected government, the rest is carefully unutilized………………………………………..Full Article: Source


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