A Sovereign Wealth Fund for South Australia
The Sovereign Wealth Fund Institute reported the idea of a South Australian wealth fund back in February 2012.
Mr. Weatherill stated that the wealth fund will be capitalized through excess petroleum and mineral revenues only if the state budget is in surplus. He estimates that the first cash infusion will take place as early as 2015 with about A$ 20 million.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]Tweet
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