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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Wealth fund would ’straightjacket’ WA

Posted on 16 May 2012

Western Australia cannot afford a sovereign wealth fund and will be financially straightjacketed if it is introduced by the Colin Barnett-led government, the state’s peak business lobby group says.
The Liberal leader last year said the state was considering introducing a Norway-style sovereign wealth fund for a portion of royalty income or budget surpluses so future generations could benefit from its strong resources sector………………………………………..Full Article: Source


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