Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 18-Mar-15

Prime Minister Tony Abbott says his government will balance the Budget in about five years’ time. However, the continued fall in the price of iron ore since late 2014 is expected to reduce government revenue by $A1.8bn a year. The mid-year Budget update had forecast an average iron ore price of $US60 per tonne, but it has since traded at a low of $US56. Meanwhile, Education Minister Christopher Pyne will press ahead with university reforms, despite the bill being rejected by the Senate for a second time on 17 March 2015

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