Impressive! A country that's fiscally responsible. Of course a lot of it is invested in stocks & real estate so...
http://www.msn.com/en-us/money/mark...200000-for-each-citizen/ar-AAsiexW?li=BBnb7Kz
http://www.msn.com/en-us/money/mark...200000-for-each-citizen/ar-AAsiexW?li=BBnb7Kz
The fund, which holds and invests the proceeds from Norway’s enormous oil and gas wealth, which was discovered in the 1960s in the North Sea, is intended to provide “for future generations” of Norwegians.
Invested in stocks, bonds and real estate, the sovereign wealth fund has gotten a boost this year as stock markets around the world have rallied. Apart from 212.5 billion Swedish Kroner (about $27 billion) that the fund transferred to the Swedish government last year, the assets are invested for the long term, so Norwegians can continue to benefit from the energy windfall even after the oil wells run dry.