Public-private partnership The Norwegian experience: A well
balanced cooperation with private sector
Slide 6
Public-private partnership The Norwegian experience: A well
balanced cooperation with private sector 1. 1965-1972:
Slide 7
Public-private partnership The Norwegian experience: A well
balanced cooperation with private sector 1. 1965-1972: 2.
1972-1993: (50 pct) + (50 pct)
Slide 8
Public-private partnership The Norwegian experience: A well
balanced cooperation with private sector 1. 1965-1972: 2.
1972-1993: (50 pct) + (50 pct) 1993-2001: (Flexible shares) +
Slide 9
Public-private partnership The Norwegian experience: A well
balanced cooperation with private sector 1. 1965-1972: 2.
1972-1993: (50 pct) + (50 pct) 3. 1993-2001: (Flexible shares) + 4.
2001- : partly privatised + 67 pct 100 pct
Slide 10
Licencing system in Norway Oil Companies vs the Government 100
% 0 % Company activities Government activities Exploration
DevelopmentProduction
Slide 11
A fair distribution between citizens Transparency Improving
living conditions for all A fair distribution between generations
Avoid overspending & overheating of economy Apply good
governance Take into consideration environment and climate
Slide 12
Established in 1990 Manager: The Norwegian Central Bank
Investments in non-Norwegian financial instruments (equities,
bonds, money market instruments) and real estate 46 developed and
emerging markets
Slide 13
Norway
Slide 14
National Insurance liabilities for retirement pensions ~900
bill USD
Slide 15
The Global fund flow of capital State Budget Fund Revenues
Expenditures
Slide 16
State Budget Fund 680 bill USD Return on investments Revenues
Expenditures 195 bill USD Petroleum revenues 63 bill USD 168 bill
USD ?
Slide 17
The transfer of money from the Fund, should not exceed 4 pct of
the Funds capital annually
Slide 18
State Budget Fund 610 bill USD Return on investments Revenues
Expenditures 168 bill USD Petroleum revenues 63 bill USD 4% ~ 24
bill USD 144 bill USD
Slide 19
GOOD GOVERNANCE PRINCIPLES ACCOUNTABILITYRULE OF
LAWTRANSPARENCYINCLUSIONIMPARTIALITYSUSTAINABILITY