A sudden rebound in the prices for our major exports has helped bring the federal budget back to surplus quicker than expected
For all the cash currently flowing into Canberra from the resources sector, only a trickle makes its way through to the economy "So plainly there is a huge economic benefit from a big project of this kind, assuming it's built and it proceeds." When Treasurer Josh Frydenberg hands down his maiden budget next week, it will be an election document bloated by the proceeds of mining revenues, delivering some handy ammunition for a pitch at re-election.
The abc trying hard to put down the LNP as usual.
Basically mining profit goes overseas, or to investors here (the people Labor want to attack if they get in). The workers are here (and to be clear, your analysis is wrong, most plant is STILL operated by an operator), the support contractors and infrastructure are here.
timwilsonmp and trevorevansbne thoughts? I find your scaretactics regarding frankingcredits to be reminiscent of spreading rumours on the playground; where leaders would be communicating with the public re: the end of resources booms and the future of australia. auspol
Boom in propaganda, more like it. Debt is still spiralling.