Officials Expect NSW Generations Fund to be A$70 Billion over the Next Decade
Posted on 11/18/2020
The NSW Generations Fund is managed by NSW Treasury Corporation (TCorp). The sovereign fund is expected to grow more than A$ 70 billion over the next decade, according to NSW Treasurer Dominic Perrottet. The FY 2020-21 NSW Budget is committing to redirect future distributions from state-owned corporations and mining royalties into the NSW Generations Fund. The NSW Generations Fund was seeded with A$3 billion in the FY 2018-19 NSW Budget, which has since grown to A$ 11 billion.
