The Norwegians' nest egg, fueled by gas and oil revenues and invested in the stock market, weighs more than 1,500 billion euros. A quarter of this treasure is invested in bonds and marginally in real estate.
Oljefondet, its local name, has, over the decades, become the largest investor in the world, with shares in almost all of the world's listed companies. The equivalent of more than seven times the annual expenditure of the Norwegian state or enough to fill more than eight times the public deficit of France. The French budget accumulated, each quarter of last year, a deficit of 43 billion euros on average, during the first quarter of 2024 alone, the fund Norwegian sovereign, he received a capital gain of 100 billion euros, according to the Court of Auditors. The figures from Norway are dizzying and may make people envious at Bercy, where senior officials are racking their brains to find 25 billion euros in savings next year.