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

Australia needs some kind of sovereign wealth fund

Posted on 04 March 2011

From Onlineopinion.com.au: One of the Howard Government’s proudest boasts was that it ‘paid off’ the debt it inherited from its predecessor.
Having come to office with Australian government net debt at $96bn, equivalent to 18% of GDP (not an especially large figure by international standards, but high in terms of Australian experience), by the time it left office the Australian government had become a net creditor to the tune of over $30bn…………………………………….Full Article: Source


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