| Spending rather than saving the seed capital for Western Australia's future fund would have overheated the state's construction industry with consequences for the domestic housing market, state Treasurer Christian Porter said.
The Barnett government's decision to put aside $1.1 billion from the generous Royalties for Regions scheme was lauded yesterday by former Liberal leader Malcolm Turnbull, who has long called for a federal sovereign wealth fund...............................................Full Article: Source |