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

British Columbia planned LNG wealth fund to focus on debt

Posted on 13 September 2013

British Columbia Finance Minister Michael de Jong says plans for a wealth fund from liquefied natural gas tax revenues in coming years will focus on debt reduction.
The government’s objective is to “systemically and statutorily prevent governments from raiding the cookie jar” and devote proceeds first to debt reduction, de Jong said today at the Bloomberg Canadian Bond Conference in New York………………………………………..Full Article: Source


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