Government Pension Fund Norway, managed by Folketrygdfondet, recorded a profit of NOK 27 billion in 2024, corresponding to a return of 7.6%. At the end of the year, the fund's capital stood at NOK 381 billion.
In June 2024, the Norwegian Parliament passed the law establishing Statens fond i Tromsø. Now, the new fund has welcomed its first three employees and opened its office in Tromsø.
The Government has decided to revive the Government Bond Fund to help secure access to loan capital for businesses during the ongoing Corona crisis. Folketrygdfondet, which previously managed the Government Bond Fund during the financial crisis, has been mandated to manage the revived fund.