The State Opposition has criticised the Government's plans for a future fund.
The Premier Colin Barnett says the fund, made up largely of mining royalty earnings, will be set up as part of the next State Budget.
Mr Barnett says a small portion of the royalties will be stored to pay for long-term services, while part of the Royalties for Regions funding will be saved for future regional projects
The Shadow Treasurer Ben Wyatt has described the proposal as a 'thought bubble'.
He told State Parliament there is no point to it if WA's debt level continues to grow.
"What is your rate of return? What do you expect?" Mr Wyatt asked.
"Because at the end of the day Madam Acting Speaker, when you have a huge debt component on the balance sheet, which this state does, and it's growing, what is the point if you can't generate a rate of return greater than the cost of that debt?"
Mr Barnett rejected Mr Wyatt's claims.
"Peter Costello set up a future fund at the time there was still net debt of the Commonwealth government," he said.
"I mean they are unrelated.
"One is a big picture view; one is a small and miserly, selfish, this-generation view."
Topics: government-and-politics, state-parliament, perth-6000 Wright By:kevin,Tags:ed hardyed hardy clothingChristian Audigier
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