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a Government Petroleum Fund
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1
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1
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445
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Document Mentions (1)
1 mention
g productivity gains in the non-oil sector). Following the 1970-80s boom-bust sequence and expansion of the welfare state, Norway established in 1991 a Government Petroleum Fund to receive and invest oil revenue (it received its first net transfer in 1996). The fiscal rule adopted in 2001 targets a central government structur
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