The government enjoys a budget surplus of 11 percent and its ledger is entirely free of debt.
The have a huge surplus and are saving 11% of their governmnets bugdet. At some point their savings could probably fund all government spending at which point running out of oil would not be the end of the world. Granted government spending is only 40% of GDP but 30 years from now they could have 40% unemployment and still have a stable functioning society.
The have a huge surplus and are saving 11% of their governmnets bugdet. At some point their savings could probably fund all government spending at which point running out of oil would not be the end of the world. Granted government spending is only 40% of GDP but 30 years from now they could have 40% unemployment and still have a stable functioning society.