24.10.2012 - Israel SWF is an insurance policy for the country: Finance minister Yuval Steinitz
The Ministry of Finance announced Minister of Finance Yuval Steinitz's bill for a sovereign wealth fund for the government's take on natural gas profits has been approved by the ministerial legislative committee. The bill's approval follows the recommendations of the Sheshinski Committee and the committee set up by Prime Minister Benjamin Netanyahu, Steinitz, and Governor of the Bank of Israel Prof. Stanley Fischer to review the management of the state's revenues from Israel's natural resources. National Economics Committee chairman Prof. Eugene Kandel chaired the committee. Its members included the Ministry of Finance's budget director and accountant general, the deputy attorney general, and Fischer...............................................Full Article: Source
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