| On Wednesday, Premier Paul Davis announced that in 2020 the government will start a “Generations Fund” — basically, a sovereign wealth fund, with a name that was probably tested in focus groups.
I’ve been asking about a sovereign wealth fund for at least four years now, and I remember then finance minister Tom Marshall always insisting that the government must first pay down the debt to a manageable level, and then put some of the oil revenue into a savings account........................................Full Article: Source
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