18.05.2012 - Future fund takes WA budget centre stage
The much-awaited centrepiece of the West Australian government's latest budget is a future fund that is expected to nudge $5 billion by 2032. In handing down his second budget as treasurer, Christian Porter said under the plan the government would set aside $1 billion in seed funding in the years to 2015/16. The funding will in part be sourced from a three per cent "efficiency dividend" - or cut - and other savings applied to the Royalties for Regions fund totalling $223 million...............................................Full Article: Source
Print