how can you even sprout that nonsense on a finance site. You think we are all dumb?
We are largely a mining economy. If mining makes money we get a surplus and vice versa.
The first surplus was a few months after Labor came to power. Are you suggesting we were headed for a deficit and Labor waved the magic wand and got a surplus?
Government doesnt have revenue, they collect taxes and royalties from businesses.
40% of our export is gas and coal. Both went to record prices post covid and thus a surplus. Nothing at all to do with labor but the propaganda machine needs to dupe people into believing that crap. 20% is iron ore and iron ore prices ran to over $200/t in mid-2021
Funny enough, coal and gas are both industries Labor/Greens scapegoat and Greens want to shut it down completely. If Greens get their way you can kiss any future surpluses goodbye
