NBIM’s Scale Changes the Economics of Norway’s Oil Wealth

8th October, 2026
Norway plans to use NOK608.4 billion (US$63.4 billion) of fund revenues in 2027, enough to finance more than one-quarter of state spending. The Government Pension Fund Global (GPFG), meanwhile, is expected to start the year at around NOK22.4 trillion (US$2.3 trillion), while petroleum revenues will almost cover the cash transferred...
Norway plans to use NOK608.4 billion (US$63.4 billion) of fund revenues in 2027, enough to finance more than one-quarter of state spending. The Government Pension Fund Global (GPFG), meanwhile, is expected to start the year at around NOK22.4 trillion (US$2.3 trillion), while petroleum revenues will almost cover the cash transferred...

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