The Australian Government Future Fund is an independently managed investment fund into which the Australian Government deposits its budget surplus. The purpose of the fund is to meet the government's future liabilities for the payment of superannuation to retired civil servants of the Australian Public Service. The fund's investment decisions are made at arm's length from the executive.
The stated aim of the fund is to hold A$140 billion by 2020; this figure would free up A$7 billion in superannuation payments each year from the federal budget.
Read more about Australian Government Future Fund: Purpose, Governance, History, Funds Held Under Management
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