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How are Norwegians using money from the Oil Fund to buy EVs?
by runeks 5y ago
How are Norwegians using money from the Oil Fund to buy EVs?
- theodorton 5y agoNorway 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/Foreign-exchange-purchases-for-GPFG/ https://www.norges-bank.no/en/topics/liquidity-and-markets/F...