The experience of the Norwegian economy in the use of depleted resources in sustainable development

Abstract

The oil sector has an important role in the Norwegian economy, as it contributes about 36% of the total government revenues. The Norwegian received huge financial revenues from the oil sector, which had an effective impact on the Norwegian economy. Where the Norwegian government decided to establish a fund in which this money would be collected and then repurposed to generate double returns, through which it would guarantee the rights of future generations from this depleted wealth. International monetary. One of the most prominent conclusions is the optimal exploitation of the depleted resource (oil) and the preservation of its returns and increases in sovereign funds to ensure that it continues to exploit it in the long term. Among the most prominent recommendations is to search for other natural resources in order to exploit them optimally in order to support the Norwegian economy.