Fears of reckless spending as gas fund bill heads for vote

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Fears of reckless spending as gas fund bill...
 © CyprusMail 2019
 

A bill establishing a national investment fund, to manage future revenues from hydrocarbons, will be going to the House floor this week, some two years after it was tabled.

Lawmakers on Monday wrapped up their discussion of the government bill, although almost all opposition parties – bar Diko – said they intended to table last-minute amendments at the House plenum this coming Friday.

House finance committee chair Angelos Votsis (Diko) said the philosophy of the legislation draws on the Norwegian model.

At times where there is a need, he said, a...


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Fears of reckless spending as gas fund bill heads for vote


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