REVENUE – GOVERNMENT POLICY – WESTERN AUSTRALIA

Iron ore price surge set to boost WA budget amid Brazil coronavirus crisis and Chinese demand

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Original article by James Carmody
abc.net.au – Page: Online : 29-May-20

The resilience of the iron ore price may provide some relief for the Western Australian government amid growing concern that the state faces a recession. Treasurer Ben Wyatt has indicated that mining royalties could be higher than forecast, which will help to offset a decline in the state’s revenue from other sources. WA’s iron ore industry has benefited from factors such as lower output in Brazil and the state’s closer proximity to China. Meanwhile, the remoteness of WA’s iron ore mines has traditionally been seen as a disadvantage, but it has been regarded as a positive during the coronavirus pandemic.

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WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE

Royalties leave deficit certain

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Original article by Gareth Parker
The West Australian – Page: 33 : 17-Dec-14

The Western Australian Government has warned that the Budget deficit for 2014-15 will be "significant". The Budget bottom line has been hit by factors such as a sharp fall in revenue from iron ore and petroleum royaties, due to the downturn in the price of both commodities. The Government’s revenue from royalties has risen by 127 per cent since Premier Colin Barnett took office. In contrast, revenue from all other sources has increased by just 31 per cent

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WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET