Original article by David Uren
The Australian – Page: 2 : 10-Dec-15

The Australian Government’s Mid-Year Economic and Fiscal Outlook will need to contend with the sharp decline in the iron ore price since the May 2015 Budget. Revenue projections in the Budget were based on an average iron ore price of $US48 per tonne, but the price of the steel input has since fallen below $US40/tonne. The downturn in the iron ore price could reduce the Budget bottom line by around $A15bn over the next four years.

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