Mon, Mar 2, 2015
A A A
Welcome preal121
RSS

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

Australia: With resources cash flowing, let’s put some in a piggy bank for future

Posted on 09 September 2011

The problem is, politicians much prefer spending over saving. Which is why a truly far-sighted government would put in place a more explicit mechanism to ensure some of the proceeds of the boom are banked in a sovereign wealth fund.
By setting aside some portion of mining boom revenues in the good times, such a fund may be used to ‘’stabilise” the macro-economy with spending during the bad times. The most exciting prospect would be the behavioural effect it could have on politicians……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 15819 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
M T W T F S S
« Feb    
 1
2345678
9101112131415
16171819202122
23242526272829
3031