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Features Australia

Business/Robbery etc

Export prices won’t help the federal budget

19 March 2016

9:00 AM

19 March 2016

9:00 AM

Sorry, Malcolm and Scott, but you’re still in deep fiscal doo-doo. Despite last week’s encouraging headline ‘Resources surge offers hope’ of a May budget that boosts the Turnbull government’s standing before an early election, there will be no golden bullet from any sustained revival in prices for Australia’s major exports (iron ore, coal, oil/LNG) to solve the budget crisis of too much government spending and not enough revenue.

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