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Jorge Láscar via flickr
"There are not many opportunities to add new funds to this budget," Finance Minister Siv Jensen said at a press conference ahead of the first government meeting to prepare a budget plan for 2019.
Prime Minister Erna Solberg said that the government needs to better prioritize its spending in order to prevent the strengthening of the national currency, which can cause damage to private companies.
As previously reported, the world's largest sovereign investment fund - the Norwegian oil fund with a volume of $ 1 trillion - doubled the return on investment in 2017 and earned $ 131 billion. The rally of global shares increased the value of the fund's portfolio.
The Fund recorded a yield of 13.7% in 2017 compared to 6.9% a year earlier.
"The total income of the fund since its inception has exceeded 4,000 billion Norwegian kroner ($ 511 billion), a quarter of this amount was earned in 2017 after a very good year for the fund," said the fund's head Yngve Slyngstad.
The yield of the fund's investments in shares was 19.4%, in bonds - 3.3%, in real estate - 7.5%.
By the end of 2017, 66.6% of the fund's funds were invested in shares. The share of investments in securities with a fixed yield was 30.8%. Another 2.6% of the fund is invested in real estate.
source: reuters.com
Prime Minister Erna Solberg said that the government needs to better prioritize its spending in order to prevent the strengthening of the national currency, which can cause damage to private companies.
As previously reported, the world's largest sovereign investment fund - the Norwegian oil fund with a volume of $ 1 trillion - doubled the return on investment in 2017 and earned $ 131 billion. The rally of global shares increased the value of the fund's portfolio.
The Fund recorded a yield of 13.7% in 2017 compared to 6.9% a year earlier.
"The total income of the fund since its inception has exceeded 4,000 billion Norwegian kroner ($ 511 billion), a quarter of this amount was earned in 2017 after a very good year for the fund," said the fund's head Yngve Slyngstad.
The yield of the fund's investments in shares was 19.4%, in bonds - 3.3%, in real estate - 7.5%.
By the end of 2017, 66.6% of the fund's funds were invested in shares. The share of investments in securities with a fixed yield was 30.8%. Another 2.6% of the fund is invested in real estate.
source: reuters.com
