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The oil fund will not be there for our grandchildren

www.oslomet.no The oil fund will not be there for our grandchildren

A close look at the principles governing the management of Norway’s oil fund shows that it may run out in two generations or less.

The oil fund will not be there for our grandchildren

The Fiscal Policy Rule is meant to ensure that Norway’s oil fund fulfils its mandate of providing for future generations. Yet a closer look at the principles governing its management shows that it may run out in two generations or less – unless the rule fundamentally changes.

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