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

Australia: Our economic challenge will be feast not famine

Posted on 06 September 2010

From Smh.com.au: Perhaps we need a sovereign wealth fund to justify ever-higher budget surpluses. The idea of increasing compulsory superannuation contributions to raise national saving is attractive, but a Coalition government wouldn’t go ahead with it and Labor’s present scheduled phase-up is too delayed to be of much use.
We need to revisit - more intelligently - the question of population growth, but ask whether meeting the mining industry’s need for more labour actually requires open slather on skilled immigration (with all the increased spending on public infrastructure that would necessitate)………………………………………..Full Article: Source


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