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Scotland ‘could launch national oil fund’ after 2014

Posted on 04 October 2013

Scotland could launch a national oil fund within a year of independence, experts said. The Scottish government bolstered its call for a Yes vote in next year’s referendum following the report, which found a dual-fund system could begin investing the government’s North Sea royalties as early as 2016.
The plan would see a short-term “stabilisation” fund managing dips and peaks in revenue gained from its oil and gas revenues, while gains from a second, long-term fund could be channelled into public assets, the government’s independent Fiscal Commission Working Group found………………………………………..Full Article: Source


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