Today, the Ministry of Finance has clarified in a regulation that banks are required to have arrangements in place to be able to meet increased demand for cash owed to disruptions in the electronic payment systems.
Press release 10.04.2018:
"The management of our joint savings is sound. The Fund is managed in a transparent, responsible, long-term and cost-effective manner. Both Norges Bank and Folketrygdfondet have performed well over time", says Siv Jensen, Minister of Finance.
About the ministry
Meld. St. 13 (2017-2018)
The purpose of the Government Pension Fund is to support long-term considerations in the government’s spending of petroleum revenues, as well as savings to finance pension expenditure under the National Insurance Scheme. Sound long-term management will help ensure that Norway’s petroleum wealth can benefit both current and future generations. The Government Pension Fund comprises the Government Pension Fund Global (GPFG) and the Government Pension Fund Norway (GPFN). The funds are managed by Norges Bank and Folketrygdfondet, respectively, under mandates laid down by the Ministry of Finance.
The most important documents are bills (propositions), white papers, hearing documents and Official Norwegian Reports (NOUs). (These documents are primarily available in Norwegian.)
What's new from this ministry
Phone: +47 22 24 90 90
Address: Akersgata 40, , Postboks 8008 Dep, 0030 Oslo