Norway has the world’s largest Sovereign Wealth Fund, (aka “Oljefondet”):
https://www.nbim.no/en/investments/the-funds-value/
Yet Norway has debt. WHY?
National debt vs. GDP has been discussed in several threads on the forum, but maybe most on the Singapore once more thread: Singapore once more
Maybe this can clear up some of the questions about why a rich country has, even NEED, national debt:
Source: https://qr.ae/pCtlfE
More on the subject here:
https://www.quora.com/Why-does-Norway-have-billions-in-government-debt-and-pay-billions-in-interest-every-year