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Saleh reveals the mechanism for establishing sovereign funds
- Time: 10/29/2023 11:53:21
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{Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, revealed the mechanism for establishing sovereign funds.
Saleh told Al-Furat News Agency, “The rise in oil prices above the price set for oil in the budget goes toward filling the hypothetical deficit.”
He stated that "the establishment of sovereign funds is approved if there is a surplus in the general budget for the three years when it exceeds the deficit and exceeds the balance. Then one can think about investing those surpluses in a sovereign wealth fund."
He pointed out that "in any case, the characteristics of that fund are subject to investment data and economic development priorities in our country and according to the government curriculum."
Raghad Dahham
[You must be registered and logged in to see this link.]
{Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, revealed the mechanism for establishing sovereign funds.
Saleh told Al-Furat News Agency, “The rise in oil prices above the price set for oil in the budget goes toward filling the hypothetical deficit.”
He stated that "the establishment of sovereign funds is approved if there is a surplus in the general budget for the three years when it exceeds the deficit and exceeds the balance. Then one can think about investing those surpluses in a sovereign wealth fund."
He pointed out that "in any case, the characteristics of that fund are subject to investment data and economic development priorities in our country and according to the government curriculum."
Raghad Dahham
[You must be registered and logged in to see this link.]
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