Capital account for WA med research but not so much interest
Back in May, the WA Government promised to direct income from the state’s $1.2bn future fund to health and medical research, (CMM May 13). And it has done just that, with legislation now before parliament. Good, but $1.2bn in capital does not generate the sort of income it used to. The government estimates there will be $126.6 million for research over the next four years.