Future Fund officially launched

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AUSTRALIA - The Future Fund, set up by the ruling Liberal government in May last year to combat the the A$98bn deficit in civil servant superannuations, was officially launched by treasurer Peter Costello in Melbourne today.

Having seeded the fund with an A$18bn cash injection earlier this year, the government has announced plans to add another $14bn early next year. This, along with the proceeds from the sale of A$8...

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