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Scottish independence: Call for two ‘oil funds’

Posted on 03 October 2013

Scotland should establish two “oil funds” immediately after independence to ensure remaining North Sea reserves provide a “lasting benefit for future generations”, a group of economists has found.
The Scottish Government-appointed Fiscal Commission working group said a short-term “stabilisation” fund should be set up to buffer Scotland’s finances against volatile oil prices, while a long-term Norwegian-style sovereign wealth fund should also be created for decades to come………………………………………..Full Article: Source


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