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Barnett considers sovereign wealth fund

Posted on 28 March 2011

Colin BarnettWest Australian Premier Colin Barnett says the state is considering introducing a Norway-style sovereign wealth fund so future generations can benefit from its buoyant resources sector.Barnett was responding to a question from a mining executive at a WA Mining Club briefing in Perth on Friday.

“The West Australian government is looking at setting up a state wealth fund so that we would potentially put some share of royalty income or some share of budget surpluses into a fund for the future,” Mr Barnett said…………………………………….Full Article: Source


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