Coal royalties plunge $3b in Queensland

Original article by Mark Ludlow
The Australian Financial Review – Page: 8 : 25-Jun-15

Queensland Treasurer Curtis Pitt says the State Government will achieve an operating surplus in the next four years. However, the July 2015 Budget will include a $A2.988bn write-down of mining royalties over four years, due primarily to the slump in global coal prices. Pitt notes that state revenue will be bolstered by Queensland’s booming residential property market, and says the first-home owners grant will be retained in 2015-16.

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QUEENSLAND. TREASURY, AUSTRALIAN LABOR PARTY, STOCKLAND – ASX SGP, PROPERTY COUNCIL OF AUSTRALIA LIMITED

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