| Government needs to formulate sound fiscal policy and ensure effective public finance management when investing proceeds from finite natural resources to achieve sustainable economic, a paper from a local research unit noted. The paper details part of initial efforts to interrogate what the Government needs to do when setting up a Sovereign Wealth Fund (SWF) to manage inflows from the country’s natural resources to support future economic growth.
The Government designated mining as the anchor for short to medium-term economic growth, at the same time it needs to create reserves from its exhaustible natural resources income for smooth consumption pattern over time...............................................Full Article: Source
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