A Different View on Public Debt: The Government as Financial Investor

14 Pages Posted: 17 Apr 2012

See all articles by Carl Gjersem

Carl Gjersem

affiliation not provided to SSRN

Date Written: April 1, 2004

Abstract

The paper by Gjersem notes that in Norway revenues from the petroleum sector have reached their peak and will slowly dwindle over the coming decades while, at the same time, population ageing will put an upward pressure on pension and health care costs (as in most other OECD countries). Against this background, the author examines the case for pre-funding and saving in the Norwegian public sector and discusses the working of the Petroleum Fund. The latter was established in 1990 to enhance the transparency of the spending of petroleum revenues and to finance the accumulation of assets to be used to meet long-term challenges related to the demographic development. Gijersem describes the structure of the Fund, its investments and financial results.

Suggested Citation

Gjersem, Carl, A Different View on Public Debt: The Government as Financial Investor (April 1, 2004). Available at SSRN: https://ssrn.com/abstract=2040733 or http://dx.doi.org/10.2139/ssrn.2040733

Carl Gjersem (Contact Author)

affiliation not provided to SSRN ( email )

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
67
Abstract Views
587
Rank
608,061
PlumX Metrics