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by theodorton
1711 days ago
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Norway has a fiscal deficit every year, in order to cover the deficit we're allowed to spend a couple percent of our holdings in the Oil Fund to. To my understanding, this is done by selling assets on a monthly basis in exchange for Norwegian currency by Norges Bank. [0] One could argue that the government would not be able to offer subsidies on EVs without that option. 0: https://www.norges-bank.no/en/topics/liquidity-and-markets/F... |
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