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Sovereign Wealth Funds Briefing - Categorized | Market

When the money runs out

Posted on 21 December 2009

From Al.com:Take the money out of the $2.6 billion Alabama Trust Fund? Income from the fund, built with oil and gas revenue, supports the General Fund and provides some money to city and county governments.

Taking away some of the fund’s principal would provide the budgets some short-term relief at the expense of revenue over the long term. And once the principal is gone, it’s gone. Such a move would also face strong opposition…………………………………Full Article: Source

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