Premier commits to Sovereign Wealth Fund after NLEC lobby

Commitment to the creation of a sovereign wealth fund was one of the NLECs key asks in pre-budget consultations, and one of the recommendations from our Conference Board of Canada Report Achieving Sustainable Prosperity, released last week.

Last night at a PC Fundraiser Premier Paul Davis announced a commitment to establishing such a fund, which he’s calling a “Generations Fund”. Davis also said budget 2015 will outline an infrastructure plan for the province – continued investment in infrastructure was also a key ask of the NLEC. Budget 2015 will be delivered next Thursday, April 30th.

What people are saying:

On Infrastructure

Davis says budget will lay out infrastructure plan. Infrastructure something the employers council has pushed for #nlpoli

Peter Cowan (@PeterCBC) April 22, 2015

On the Generations Fund

Well looks like the NLEC finally advocated and achieved something positive for the future of NL

-“Snide”, VOCM Message Board Posted:4/23/2015 11:27:32 AM

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