It's worth noting that while the wealth fund is enormous, it is also being spent [1] to cover budget deficits. (More specifically, the returns are being spent.)
The government has historically tried to avoid doing so, but had to dip into the funds in 2016–2018. The rules around spending was formalized in 2001 [2], but the extent to which Norway was dipping into the funds has been controversial the last few years, with economists warning that it puts the country at risk in a future economic downturn.
Norway's wealth fund is actually codified as law, which makes it difficult for a future government to "steal" it.
The government has historically tried to avoid doing so, but had to dip into the funds in 2016–2018. The rules around spending was formalized in 2001 [2], but the extent to which Norway was dipping into the funds has been controversial the last few years, with economists warning that it puts the country at risk in a future economic downturn.
Norway's wealth fund is actually codified as law, which makes it difficult for a future government to "steal" it.
[1] https://www.bloomberg.com/news/articles/2018-05-02/norway-st...
[2] https://www.regjeringen.no/no/tema/okonomi-og-budsjett/norsk...