3 ms·
The oil fund is a result of that as much as a cause. Only a small percentage of the country's spending is from that fund. The aim of the fund is to save for the
by dominicr 8y ago
The oil fund is a result of that as much as a cause. Only a small percentage of the country's spending is from that fund. The aim of the fund is to save for the future and the government is only allowed to spend some of the profits.
What makes more of a difference is the feeling of social and fiscal responsibility that led to the fund's creation. Planning for the future and helping people through hard times sounds like communism to some people but in Europe is generally considered common sense.