Australia's mineral and gas exports to drop $100 billion
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The value of Australia's annual
The value of Australia's annual mineral and gas exports is expected to plunge by more than $100 billion over the next 18 months, according to new government forecasts.
This will pressure the federal budget, which has just posted a record surplus, the first in 15 years.
The commodities boom is one of the key reasons for that budget surplus in the first place.
But these figures certainly suggest that this cycle is coming to an end.
This has led to Resources Minister Madeleine King essentially launching a strident economic defence of using gas in the nation's energy mix.
This will pressure the federal budget, which has just posted a record surplus, the first in 15 years.
The commodities boom is one of the key reasons for that budget surplus in the first place.
But these figures certainly suggest that this cycle is coming to an end.
This has led to Resources Minister Madeleine King essentially launching a strident economic defence of using gas in the nation's energy mix.
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در تاریخ 1402/07/10 منتشر شده
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