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Sovereign Wealth Funds Briefing - Categorized | Financials, People

Peter Costello warns on Australian finances, Future Fund returns

Posted on 19 October 2016

Former Howard government treasurer Peter Costello has warned that Australia’s financial position is “not strong” and that returns from the Future Fund he chairs will be weaker.
Speaking to The Business presenter Ticky Fullerton at a Walkley Foundation function, Mr Costello defended his record as treasurer, and issued a warning to his latest successor Scott Morrison. “Our financial position in Australia at the moment is not strong,” Mr Costello lamented. “We are now in our ninth year in a row of budget deficit.”……………………………………Full Article: Source


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