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Norway has explicitly barred any oil income to leak into the economy. All oil income is directed to the special fund that is not tapped (yet). (I'm a citizen o
by dottedmag 5y ago
Norway has explicitly barred any oil income to leak into the economy. All oil income is directed to the special fund that is not tapped (yet).
(I'm a citizen of Norway)
- lemmonii 5y agoFalse, it was tapped in 2016. I also think it was tapped in 2020 but am unable to confirm, they atleast plan to withdraw again in 2022. https://www.reuters.com/article/us-norway-swf/norway-says-made-first-withdrawal-from-oil-fund-in-january-idUSKCN0W52JR https://www.reuters.com/article/us-norway-swf/norway-says-ma... https://www.reuters.com/world/europe/norway-raises-2022-spending-wealth-fund-41-billion-2022-01-14/ https://www.reuters.com/world/europe/norway-raises-2022-spen...
- lovskogen 5y agoFalse, 3% of the fund is tapped each year.