❓ The question probes the competitiveness of the Future Fund's return compared to risk-free rates and the government's borrowing costs. The answer defends the Fund's performance, stating it has outperformed the government's cost of funds.
AnsweredQoN 5086Legislative Assembly
QuestionView source ↗
Does
the Government consider, in the context of the average risk free rate since the
fund’s inception, the 0.4 per cent return to the fund over its life competitive
return, and how does this return compare to the Western Australian Government’s average cost of (borrowed) funds?
the Government consider, in the context of the average risk free rate since the
fund’s inception, the 0.4 per cent return to the fund over its life competitive
return, and how does this return compare to the Western Australian Government’s average cost of (borrowed) funds?
AnswerView source ↗
Answered
23 March 2016
Response time
28 days
Since inception, the Future Fund’s return has averaged 3.7% per annum. This compares favourably to the WATC’s cost of funds, which has averaged 3.3% per annum over the same period.
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