05.03.2012 - Australia: Treasury dismisses wealth fund
Senior Treasury officials have sounded the death knell for the argument for Australia to establish a sovereign wealth fund which would bank consecutive budget surpluses on the back of mining profits. Macroeconomic experts Phil Garton and David Gruen say Australia's large amount of superannuation savings and the nation's ability to mine resources well into the future ensured the country already had many of the benefits of a wealth fund...............................................Full Article: Source
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