BREAKING: Norway pledges 1 billion euros in additional support for Ukraine
No name Jensen 🇳🇴🇺🇦
Yes, so this is absolutely nice. But Norway has a wealth fund of €1,200 billion (11,702 billion kroner), and so giving away €1 of those €1.200 is an absolute minimum is my opinion
That wealth belongs to the citizens of Norway, the sovereign wealth fund shouldn't be tapped into outside of providing for citizens. Discretionary funds, gear stockpiles, etc. can and should be generously provided.
Jul 1, 2022 · 4:11 PM UTC
It is basically the national pension fund, meaning that the future pensions of its citizens are guaranteed for indefinitely regardless of any fluctuations in government finances.