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0 pointsjalk4y ago0 comments

How large is the Oil Fund these days (after Corona spending) 1 trillion USD or something like that - you'll be fine

0 comments

> 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/

[2]: https://www.nettavisen.no/okonomi/regjeringen-advarer-oljefo...

bellyfullofbac4y ago

Geezus, 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."

eptcyka4y ago

A country can't sustain itself on cash alone. Human capital and infrastructure is vital.

ars4y ago

For 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.

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jonsen4y ago

If the world remains able and willing to pay it back. It's mostly invested abroad.

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