By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Well, the overall condition of the market and the strained economies we trade with (mainly the UK and France) in gas and petroleum has taken its toll and it appears that 2009 may be the first year since 1998 we won't have any significant profit on the overall budget due to having to drastically increase the flow of oil cash spending on public posts and problems and of course due to the simple fact that the fund itself hasn't really had a boiling market to grow in lately.
It can't be called a crisis though, seeing as how the oil fund is currently sitting at 140-150% of our GDP and nearly 300% of the national revised budget for 2009.

Overall oil fund spending increased by around 8% last year and seems to be growing still with a possible 10% increase in 2010.