Norway's tax revenues from oil (which is taxed at a special, extra high rate) goes into a sovereign wealth fund. Proceeds are reinvested, but the government may choose to use from the fund to fund the budget. So far the general consensus has been to stick to spending no more than 4% of the value of the fund every year.
Currently the fund apparently holds about 1% of the total share capital of all listed companies worldwide (though it is by no means evenly distributed) - about 2% of the share capital of European listed companies - and a few months ago it was worth $670 billion, or more than $130,000 per Norwegian citizen.
Currently the fund apparently holds about 1% of the total share capital of all listed companies worldwide (though it is by no means evenly distributed) - about 2% of the share capital of European listed companies - and a few months ago it was worth $670 billion, or more than $130,000 per Norwegian citizen.