3 ms·
No, I mean the 25% of the Norway Government Budget must be a tiny amount of the fund.
by onraglanroad 9mo ago
No, I mean the 25% of the Norway Government Budget must be a tiny amount of the fund.
- magicalhippo 9mo agoThe politicians have set a self-imposed limit[1] on how much they can use per year. It's currently 3% of the funds value, to ensure we don't need to reign in too much during hard times[2]. However politicians have tried to use less, for 2026 they plan[3] to use 452B NOK which is roughly 2.13%. However as OP points out, the total budget is around 2100B NOK, so the oil money pays for roughly a quarter. And that's becoming a bit of a problem in my view as well. [1]: https://en.wikipedia.org/wiki/The_budgetary_rule https://en.wikipedia.org/wiki/The_budgetary_rule [2]: https://www.regjeringen.no/no/tema/okonomi-og-budsjett/norsk_okonomi/bruk-av-oljepenger-/handlingsregelen/id444338/ https://www.regjeringen.no/no/tema/okonomi-og-budsjett/norsk... [2]: https://www.regjeringen.no/no/statsbudsjett/2026/statsbudsjettet-2026-statens-inntekter-og-utgifter/id3123348/ https://www.regjeringen.no/no/statsbudsjett/2026/statsbudsje...