Original article by Phillip CooreyLaura Tingle
The Australian Financial Review – Page: 1 & 4 : 13-Apr-15

The price of iron ore is currently trading at around $US47 per tonne, compared with a forecast of $US60 in the Australian Government’s Budget update in December 2014. The sharp fall in the iron ore price could reduce government revenue by around $A6.25bn a year, as the May 2015 Budget forecast will take into account the possibility that the price could fall to $US35 a tonne. Treasurer Joe Hockey says it is too soon to suggest a timeframe for returning the Budget to surplus

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AUSTRALIA. DEPT OF THE TREASURYNEW SOUTH WALES. DEPT OF PREMIER AND CABINETLIBERAL PARTY OF VICTORIAAUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINETRESERVE BANK OF AUSTRALIAAUSTRALIAN GREENSBHP BILLITON LIMITED – ASX BHPRIO TINTO LIMITED – ASX RIO