Finance ministry's omnibus bill ratified in principle

The Finance ministry's omnibus bill concerning the reshaping of the operational framework of the Deposits and Loans Fund, the Public Debt Management Organisation and of public utilities, the securing of 30 billion to banks and the creation of a Public Property general secretariat was ratified in principle and for its articles by the government majority at the Parliamentary Economic Committee.

The bill met with the opposition's reactions, as well as with reservations by ruling party MPs, particularly with regard to the banks, as well as the reshaped operational framework of the Public Debt Management Organisation.

The bill anticipates the separation and secession of the sectors of deposits and loans at the Fund in question, with the prohibiting of the subsidisation of the latter sector by the former.


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