{"id":4614,"date":"2016-09-15T11:54:40","date_gmt":"2016-09-15T11:54:40","guid":{"rendered":"https:\/\/oradeo.com\/?p=4614"},"modified":"2016-09-22T15:47:13","modified_gmt":"2016-09-22T15:47:13","slug":"norways-sovereign-wealth-fund-pinched-by-cheap-oil","status":"publish","type":"post","link":"https:\/\/oradeo.com\/2016\/09\/15\/norways-sovereign-wealth-fund-pinched-by-cheap-oil\/","title":{"rendered":"Norway&#8217;s Sovereign Wealth Fund Pinched by Cheap Oil"},"content":{"rendered":"<h2><\/h2>\n<p><em>Bloomberg, Brendan Greeley \u2013 11\/08\/2015<\/em><\/p>\n<p>Due to falling oil prices the Norwegian government has been \u201cdipping\u201d into their Sovereign Wealth fund. Norway\u2019s Sovereign Wealth fund is one of the largest in the world at $875bn owning 1.3% of the world\u2019s equities. The recent announcement from Norway\u2019s prime minister that she was prepared to let that fund get a little smaller according to Bloomberg Single Best Chart has come as a surprise. Norway treats oil revenue separate in its budget according to data collected from the Norge bank and Norwegian Government. Interestingly, non-oil revenue is much higher than oil revenue. The Norwegian Government sets oil revenue aside for two purposes. 1. It is paid into the annual budget. 2. It is paid into the Sovereign Wealth Fund. Some years it doesn\u2019t need to be paid into the annual budget at all! As oil prices fall the sovereign wealth fund is decreasing in value and the annual budget is increasing in value.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/videos\/2015-08-11\/norway-s-sovereign-wealth-fund-pinched-by-cheap-oil\" target=\"_blank\"><b>Watch the video<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg, Brendan Greeley \u2013 11\/08\/2015 Due to falling oil prices the Norwegian government has been \u201cdipping\u201d into their Sovereign Wealth fund. Norway\u2019s Sovereign Wealth fund is one of the largest&#8230;<\/p>\n","protected":false},"author":22,"featured_media":5005,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Norway&#039;s Sovereign Wealth Fund Pinched by Cheap Oil | Oradeo<\/title>\n<meta name=\"description\" content=\"| Norway&#039;s Sovereign Wealth Fund Pinched by Cheap Oil\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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