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Sovereign Wealth Funds Briefing - Categorized | Market, People

Ripper lashes Barnett on future fund

Posted on 07 June 2011

West Australian Premier Colin Barnett is “talking through his hat” if he believes he can build a future fund while state debt continues to blow out, Opposition Leader Eric Ripper says. Last week, Mr Barnett proposed the creation of a future fund “that would preserve some of this wealth of the state at the moment for future generations”.
He has said the fund could be created by redirecting some of the state’s royalty income or using a share of future surpluses………………………………………Full Article: Source


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