Iron and coal to deliver surprise budget bonanza

Original article by David Uren
The Australian – Page: 6 : 12-Feb-19

Federal government revenue will be boosted by the recent rally in the prices of Australia’s key export commodities. The mid-year budget update had forecast that the iron ore price would average $US55 per tonne in the first half of 2019, but it is widely tipped to reach $US100/tonne in coming days. The price of coking coal also remains well above the budget update’s forecast. Chris Richardson of Deloitte Access Economics expects the government to use the revenue gains to provide cash hand-outs in the April 2019 Budget.

CORPORATES
DELOITTE ACCESS ECONOMICS PTY LTD, AUSTRALIA. DEPT OF THE TREASURY, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

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