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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Australia: Treasurer foresees boost from boom

Posted on 02 December 2010

From Watoday.com.au: The Treasurer, Wayne Swan, has left open the door to creating a sovereign wealth fund once the government has paid off its debt, in an effort to boost national saving during the mining boom. While the government had no immediate plans for a sovereign fund, Mr Swan said he would welcome debate on policy measures to boost forms of national saving.
A stabilisation fund, suggested this week by the governor of the Reserve Bank, Glenn Stevens, was one option that could eventually be considered, Swan said, but boosting super was the immediate priority……………………………………….Full Article: Source


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