The government is going to bring the bill on the Sovereign Wealth Fund, which is expected to raise one billion dollars annually from natural gas revenues, back to Parliament in October.

ccording to the notice for the 8th ordinary parliamentary session, which will take place from October 19 to December 21, to which Lusa had access, the draft law creating the Mozambique Sovereign Fund (FSM) is one of the 23 items on the agenda.

On August 7, Frelimo argued in parliament that this bill should be approved by consensus between all parties.

The debate on this proposal in parliament has been postponed several times on the grounds that the document needs to be improved.

"We want a genuinely Mozambican law, and to that end we are working towards consensus on the proposal," said Feliz Sílvia, spokesperson for the Frelimo caucus in the Assembly of the Republic.

He pointed out that the Frelimo caucus wants Renamo, the main opposition party, and the Democratic Movement of Mozambique (MDM), the country's third largest political force, to agree to the future law.

The Minister of Economy and Finance, Max Tonela, also said in August, during a parliamentary hearing, that the FSM should collect one billion dollars a year from natural gas exploration revenues within ten years.

"On average, over the 25 years of the [natural gas exploration] concession contract, the Mozambican state will receive 750 million dollars," explained minister Max Tonela, questioned in parliament by members of the first committee on Constitutional Affairs, Human Rights and Legality and the second Committee on Planning and Budget. (Lusa)