Major boost for Future Fund

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AUSTRALIA - Australian treasurer Peter Costello said the Future Fund would receive an Aus$7bn boost allowing it to cover all public sector superannuation liabilities by 2020, in his latest budget announcement.

The $7bn cash injection has come from the country’s $17.3bn underlying cash surplus made by the general government sector over 2006-2007, which came in $3.7bn higher than had been predicted in the ...

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