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Governments love to give away money for special projects. That's one of the problems of a large government.
We don't know the parameters of the program, it may have been just a subsidize Norwegian gaming. To keep the industry going or help develop it. It may have been to push social agendas. Which that game definitely tried to do so they got good value for money there. It may have just been like an artistic support Grant.
They have a full-time staff of 15 people, they worked on the game for 5 years. So $150,000 does not cover the cost of the game ... Not by a long shot
The credits for the game mentioned 309 different people, so if they spread that money inside of Norway that might help the industry