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Sovereign Wealth Funds Briefing - Categorized | Financials

Norway prospers as wealth fund value soars

Posted on 27 August 2014

Public spending could get a boost in Norway after it was revealed the country’s sovereign wealth fund could reach six trillion kroner ($973 billion), the Norwegian government said on Monday. The Norwegian oil fortune by the end of 2014 is estimated to grow several hundred billion kroner larger than the government predicted in May this year. Dagens Næringsliv reported on Monday the extra revenue is around 500 billion kroner above earlier estimates.
Prior to the budget conference to be held in Oslo on Wednesday and Thursday this week, government officials were given secret files highlighting the large growth in Finance Minister Siv Jensen’s wealth fund………………………………………..Full Article: Source


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