The Blog

Following the 2004 federal election in Australia, the idea of a Future Fund was born. By May of 2006, the first contribution of A$18 billion was deposited into the Future Fund by the government in the hopes of gaining revenue which would pay out the Commonwealth’s unfunded liabilities. In doing so, the sovereign fund’s aim was to alleviate the financial pressure of an ageing population that was starting to build up on the government. Having navigated the pitfalls of the recession and Covid-19, the sovereign fund now has assets under management of around A$243 billion and seems well on the right track to being the financial backbone for the commonwealth in the long-term.