The Government Pension Fund
The purpose of the Government Pension Fund is to facilitate government savings to finance rising public pension expenditures, and support long-term considerations in the spending of government petroleum revenues. A sound long-term management of the Fund contributes to intergenerational equity, by allowing both current and future generations to benefit from the petroleum revenues.
Governance Model
The Ministry of Finance holds the overall responsibility for the management of the Government Pension Fund. The operational management of the GPFG and GPFN is carried out by Norges Bank and Folketrygdfondet, respectively, under mandates laid down by the Ministry.
Investment Strategy
The investment strategy for the Fund is based on long-term considerations of different investment choices. Good financial return over time is deemed to be contingent on a sustainable development in economic, environmental and social terms, and on well-functioning, efficient and legitimate financial markets.
Management Provisions
The framework for the Government Pension Fund and the management of fund assets are laid down by Act of Parliament and guidelines with supplementary provisions.
The Government Pension Fund 2024 white paper
The Government Pension Fund white paper 2024
Topics in this year’s paper include unlisted equities investments for the GPFG and a proposed solution to the ownership stakes challenge for the GPFN.
The National Budget 2024
A budget to safeguard Norwegian households
The budget for 2024 provides security and opportunity for people and businesses throughout Norway. There are expenditure increases in several areas due to war in Europe, a record number of refugees and higher prices. The Government’s priorities are good public services and support for the most vulnerable, along with security and stability. Norway will play its part in helping Ukraine and Ukrainian refugees. The Government will continue to implement the green transition and take action to achieve our climate goals.
Meld. St. 22 (2023–2024)
The Government Pension Fund 2024
The annual white paper on the management of the Government Pension Fund reports on results in the management of the Government Pension Fund Global (GPFG) and the Government Pension Fund Norway (GPFN), and discusses development of the investment strategy and framework for responsible investment.
More on the government pension fund
Latest on the government pension fund
What's new
- The Government Pension Fund white paper 2024 Press release 12/04/2024
- The National Budget 2024: A budget to safeguard Norwegian households Press release 06/10/2023
- The National Budget 2024: Key Figures in the National Budget 2024 Press release 06/10/2023
- Revised National Budget: A responsible budget that provides security for people throughout Norway Press release 11/05/2023
- Revised National Budget: Key figures in the Revised National Budget 2023 Press release 11/05/2023
Documents
- Meld. St. 22 (2023–2024) - The Government Pension Fund 2024 Report to the Storting 12/04/2024
- Meld. St. 1 (2023–2024) - The National Budget 2024 Report to the Storting 06/10/2023
- Meld. St. 17 (2022–2023) - The Government Pension Fund 2023 Report to the Storting 31/03/2023
- Adherence of the Government Pension Fund Global (GPFG) to the Santiago principles Guidelines/brochures 31/01/2023
- Adherence of the Government Pension Fund Norway (GPFN) to the Santiago principles Guidelines/brochures 31/01/2023
Related topics
Contact
Asset Management Department
E-mail: postmottak@fin.dep.no
Phone:
+47 22 24 90 90
Address:
Postboks 8008 Dep, 0030 Oslo
Visitor address:
Akersgata 40, 0030 Oslo