Aren’t sovereign funds generally based on principle of storing of excess wealth as investment for future generations? This sounds like Canadians are creating a fund that’s intended to be spent immediately, and they’re also encouraged to put their own money there. One would think a government should be saving money when times are good, not when they’re getting bad. It sounds like austerity, but also like public investment, so I’m confused by all of this.
Aren’t sovereign funds generally based on principle of storing of excess wealth as investment for future generations? This sounds like Canadians are creating a fund that’s intended to be spent immediately, and they’re also encouraged to put their own money there. One would think a government should be saving money when times are good, not when they’re getting bad. It sounds like austerity, but also like public investment, so I’m confused by all of this.