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.
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...