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Sovereign Wealth Funds Briefing - Categorized | Financials

Fischer: Gas tax revenues will total $2.9bln by 2017

Posted on 04 June 2013

The government’s total tax revenues from natural gas production will reach $2.9 billion by 2017, Governor of the Bank of Israel Prof. Stanley Fischer told the Knesset Science and Technology Committee during its first discussion of the bill to establish a sovereign wealth fund from the surplus profits from natural gas.
The government bill, which is being readied for its second and third Knesset readings, proposes channeling the Sheshinski tax revenues to a sovereign wealth fund. Fischer said, “There are three reasons for establishing a sovereign wealth fund………………………………………..Full Article: Source


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