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Petroleum Fund, Stabilisation Fund, Sovereign Wealth Fund

A fund, separate from government’s general budget, which receives part or all of the revenues from natural resources.  Norway, Chile and some oil producing countries in the Middle East have created such funds.   The money is invested, rather than spent, so that future generations will also have the opportunity to benefit from the present harvesting of natural resources.  Saving some of the revenues for future use also helps to reduce the risk of ‘Dutch Disease.’