Israeli Sovereign Wealth Fund Part II
Natural gas fields will fuel the future sovereign wealth fund of Israel. With the recent discoveries of natural gas fields, Israel could become a net energy exporter in the next 5 to 7 years. The taxation of natural resources has been discussed in the Israeli Government and a plan has been put into place to move the proceeds into a sovereign wealth fund.
In February 2012, the Israeli Government approved the general framework for creating a sovereign wealth fund. Revenues will begin to accumulate by the end of the decade. Sovereign wealth fund withdrawals will be restricted to regular annual transfer to the budget.
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