3 ms·
Minimizing expenditure from the oil fund is important to mitigate inflation in a country as low-population and rich as Norway. Goods and services are already in
by dodobirdlord 7y ago
Minimizing expenditure from the oil fund is important to mitigate inflation in a country as low-population and rich as Norway. Goods and services are already incredibly expensive in Norway without the compounding effect of funding the entire government from an external revenue source. The Norwegian government regularly takes into consideration the inflationary impact when considering financing a project from the fund, so I don't think they'll be disposing of taxation any time soon.