BY ENDA CURRAN
SYDNEY—Dealing a major blow to those calling for an Australian sovereign-wealth fund to lock away mining-boom proceeds, opposition Treasurer Joe Hockey, one of the country's most influential politicians, said Thursday that their case is premature and Australia is already well-served by its pension-savings pool.
Mr. Hockey's remarks followed a rush of calls in recent weeks from lawmakers, policymakers and others for the government to follow the examples of countries such as oil-rich Norway and invest some of the proceeds of the current boom. The backers include David Murray, chairman of the Future Fund, which holds about 70 billion Australian dollars ...
0 comments:
Post a Comment