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You have no idea how that would destroy the Norwegian State. They are addicted to money from that fund. A collapse in it's value would have direct impact on the finances of the state. Nearly 1/4 of the budget is funded from that found a year.


That's got to be a tiny amount relative to the fund size though.

Anyway, how would that destroy the fund? They'd be selling it not giving it away.


> That's got to be a tiny amount relative to the fund size though.

Current total market value is about $2136B, of which ~$912B is invested in the US[1].

[1]: https://www.nbim.no/en/investments/the-funds-value/ (see map at bottom for regional figures)


No, I mean the 25% of the Norway Government Budget must be a tiny amount of the fund.


The 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

[2]: https://www.regjeringen.no/no/tema/okonomi-og-budsjett/norsk...

[2]: https://www.regjeringen.no/no/statsbudsjett/2026/statsbudsje...


The contribution of the State Fund to national pensions is around 20-25% to the state expenses


And increasing year after year.




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