Following the discovery of natural gas off the coast of Israel, the government announced the creation of the Israeli Citizens’ Fund in 2014. The fund is designed to manage the increased tax revenue generated from the gas fields and to help the country avoid the “Dutch disease”. The fund became operational in June 2022, after the Israeli government finally collected the required 1 billion shekels (equivalent to US$ 300 million) in super-profit taxes. The government is expected to transfer an additional US$ 245 million in levies from natural resources.