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.
Related topics and insights
What's new
Latest news
- Expert group report on Norges Bank’s active management of the GPFG News story 07/01/2022
- Change in the mandate for the committee on long-term perspectives for the Government Pension Fund Global Press release 09/11/2021
- Amendment to the 2022 Fiscal Budget Proposal: A new and fairer course for the whole of Norway Press release 08/11/2021
- Amendment to the 2022 Fiscal Budget Proposal: Key figures in the Amendment to the 2022 Fiscal Budget Proposal Press release 08/11/2021
Documents
Meld. St. 24 (2020–2021)
The Government Pension Fund 2021
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.
NOU 2020: 7
Values and responsibility — The ethical framework for the Norwegian Government Pension Fund Global
In April 2019, the Norwegian government appointed a committee chaired by Professor Ola Mestad to review the Guidelines for observation and exclusion of companies from the Norwegian Government Pension Fund Global (GPFG). The Committee’s report (NOU 2020:7) was submitted to the Ministry of Finance on 15 June, 2020.
Latest documents
- Climate risk and the Government Pension Fund Global Report 20/08/2021
- Meld. St. 31 (2020–2021) - Financial Markets Report 2021 Report to the Storting 23/04/2021
- Meld. St. 24 (2020–2021) - The Government Pension Fund 2021 Report to the Storting 09/04/2021
- Meld. St. 14 (2020–2021) - Long-term Perspectives on the Norwegian Economy 2021 Report to the Storting 12/02/2021
Contact
Asset Management Department
E-mail: postmottak@fin.dep.no
Phone: +47 22 24 41 63
Address: Postboks 8008 Dep, 0030 Oslo
Visitor address: Akersgata 40, 0030 Oslo