News and insights

For 30 years, we have watched the fund grow from two billion to a staggering 21,000 billion kroner. We have grown accustomed to the fund's return covering a quarter of the national budget. But what if the three decades of growth were a historical exception, not the norm? In this year's finance speech (finanstalen) during Arendalsuka, Nicolai Tangen turns our self-image on its head: Norway is not safely rich. We are exposed. To markets we do not control, to inflation, interest rates and crises that do not necessarily pass. And to a fiscal rule designed for stable times. The answer to whether the fund could evaporate is yes. It could happen. The question is how well prepared we are for the unthinkable. The event is in Norwegian.

In 1996, the fund received its first inflow. Almost three decades later, it has become the world's largest sovereign wealth fund – the nation's piggy bank, managed for both current and future generations.

We are celebrating the 30th anniversary with a one-hour journey through the fund's past, present and future. How did it all begin? Who actually manages the nation's savings today? And how will artificial intelligence and new technology shape the management of the fund in the years to come? The event is in Norwegian.