Unlike most other petrostates, Norway has had the sense not to get high on their own supply - higher fuel taxes than their neighbors, stashing the oil revenues in a permanent fund, and taxing the heck out of their high salaries to pay for government spending.
When the oil runs out, they’ll still have their (currently) 1 Trillion dollar permanent fund to cushion the blow.
When the oil runs out, they’ll still have their (currently) 1 Trillion dollar permanent fund to cushion the blow.