Παρασκευή 1 Μαρτίου 2019

Parliament approves national investment fund

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Parliament on Friday approved a bill establishing a national investment fund, to manage future revenues from hydrocarbons.

Parties eventually agreed to disconnect gas revenues from the public debt.

The original bill had included provisions stipulating that under certain fiscal conditions, a portion of the fund would be channelled into government coffers, although the lion’s share of proceeds would be held back for investments, for future generations.

 

The post Parliament approves national investment fund appeared first on Cyprus Mail.


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