Original article by Mark Ludlow
The Australian Financial Review – Page: B12 : 10-May-23

The budget papers show that the Treasury has upgraded its price assumptions for key export commodities. Treasury has traditionally adopted a conservative approach to commodity price forecasts, which was reflected in the federal government’s first budget in October. The iron ore price had been forecast to be around $US55 per tonne by now, but this has been upgraded to $US60/tonne. The price assumptions for LNG, thermal coal and metallurgical coal have also been upgraded. Treasury expects the revised price assumptions to boost the budget bottom line by around $2bn.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY