❓ Mr. Wyatt questions the Treasurer on the WA Future Fund's performance relative to state debt costs and the inclusion of credit downgrade assumptions in forecasts. The Treasurer responds that the fund has consistently outperformed and that credit downgrades are not factored into forecasts.
AnsweredQoN 5072Legislative Assembly
QuestionView source ↗
Will
the State Government provide a forecast as to when the Western Australian Future Fund is likely to
outperform the cost of State debt, and: (a) if not, why not; (b) if
so, when and how will this forecast be made available to the public; (c) if
so, when does the Government expect the fund to outperform the cost of State
debt; and (d) has the assumption of further credit downgrades been built into forecasts, given the
impact this has on borrowing costs, into their outlook for the Fund’s
performance?
the State Government provide a forecast as to when the Western Australian Future Fund is likely to
outperform the cost of State debt, and: (a) if not, why not; (b) if
so, when and how will this forecast be made available to the public; (c) if
so, when does the Government expect the fund to outperform the cost of State
debt; and (d) has the assumption of further credit downgrades been built into forecasts, given the
impact this has on borrowing costs, into their outlook for the Fund’s
performance?
AnswerView source ↗
Answered
23 March 2016
Response time
28 days
(a) As per the response to QON 5070, the Future Fund has been consistently outperforming the Western Australian Treasury Corporation cost of funds since its inception. The 2015-16 Mid-year Review forward estimates assume the Future Fund will continue to achieve this investment objective.
(b) Not applicable.
(c) Not applicable.
(d) No.
(b) Not applicable.
(c) Not applicable.
(d) No.
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