| Western Australia has two years of financial pain to ride out but there's no way the state government will raid its future fund, Premier Colin Barnett says. After Cabinet finalised the state budget on Monday, Mr Barnett said "large" deficits over the next two years could not be avoided.
But the future fund that was the centrepiece of the 2012/13 budget won't be touched. Established with more than $1 billion in seed capital over four years using money from the Royalties for Regions fund, it aims to set aside cash from the state's mineral resources for future generations.........................................Full Article: Source
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