Tuesday's Budget: Rebuilding Australia

Peter Martin - May 10, 2008 - 3:59pm

A massive investment fund to ensure that the benefits of Australia’s resource boom are preserved for future generations will be the centerpiece of a budget expected to bring in a surplus of around $20 billion on Tuesday night.

The fund, modeled on Norway’s Petroleum Fund will accumulate all future budget surpluses and could be worth as much as $100 billion in five years.

Entitled the Building

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