4 ms·
How large is the Oil Fund these days (after Corona spending) 1 trillion USD or something like that - you'll be fine
by jalk 5y ago
How large is the Oil Fund these days (after Corona spending)
1 trillion USD or something like that - you'll be fine
- magicalhippo 5y ago> How large is the Oil Fund these days They got a "live" counter here[1], so yeah around 1.3 trillion USD give or take. Estimates for corona spending is around 80 billion USD[2]. [1]: https://www.nbim.no/en/ https://www.nbim.no/en/ [2]: https://www.nettavisen.no/okonomi/regjeringen-advarer-oljefondet-er-i-praksis-brukt-opp/s/12-95-3424029060 https://www.nettavisen.no/okonomi/regjeringen-advarer-oljefo...
- bellyfullofbac 5y agoGeezus, must be nice to have that kind of rainy day fund. Grossly over-simplifed: "Shut down the economy? Oh well, here's 80 billion dollars to keep everyone fed and warm."
- eptcyka 5y agoA country can't sustain itself on cash alone. Human capital and infrastructure is vital.
- ars 5y agoFor a few years. But divide that fund by the population and it suddenly doesn't seem as much. Human capital is far more valuable, but most of the industrial knowledge of Norway is in energy production.
- atq2119 5y agoEnergy production isn't going to go away.
- jonsen 5y agoIf the world remains able and willing to pay it back. It's mostly invested abroad.