Public investment refers to government spending on long-term projects and assets that contribute to economic development and public well-being. Some of the projects managed by the government include road construction, bridge building, new schools, and public utilities.
Public investment aims to stimulate economic growth, create jobs, and improve the overall quality of life for citizens.
An example of a prosperous public investment fund is the country of Norway, which has a fund known as the Government Pension Fund Global (GPFG). Commonly referred to as the Norwegian Sovereign Wealth Fund, it was established in 1990 to manage the country’s surplus revenue from petroleum activities.
