Sun, Sep 25, 2016
A A A
Welcome mteam
RSS

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

A heritage fund for better future

Posted on 09 September 2011

Alberta established a heritage fund in 1976, committing to set aside one-third of resource revenues for the future. Unfortunately, the government abandoned the commitment in 1987 and has repeatedly tapped the fund to cover current spending.
Norway has been far more successful. The country - with fewer than five million people - has placed all oil revenues in a long-term fund, which is now valued at more than $500 billion. The investments are intended to provide revenue for the inevitable day when the resource is gone……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 19469 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
September 2016
M T W T F S S
« Aug    
 1234
567891011
12131415161718
19202122232425
2627282930