4 minutes ago
“These are the prices that were assumed again last October – US$55 a tonne for iron ore when the spot price at budget time was $91,” Mr Clennell said. “Economist Chris Richardson has told me that annually the benefit to the budget of a $10 change in the iron ore price will be $3 billion a year. “With some of the commodity prices we are going to see in this budget and the sorts of revisions up we have seen in the size of the economy in October and we’re about to see, are we going to start calling the Treasurer ‘Lucky Chalmers’.”
Does he know what hes doing?
Liberals Genius. Labor Lucky . What do you expect from Dry News
Sandbagging
Conservative estimates
Lol:
You mean the very commodities he and his ilk actively talk down, dismiss and say we need to get away from?
Yep, the lefties trying to talk up a hopeless case
Well done ALP. Improving budget bottom line like you promised. Compare that to the Libs who promised a surplus every year since 2013.