When is King Coal going to receive huge credit from ALP (State and Federal) and 'maates' The Greens, plus mad fake independents in Federal and State Parliaments?
(from 'The Oz' online):
Australia's current account balance grew to a $18.3bn surplus in the June quarter.
It was the 13th consecutive current account surplus, the longest period on record driven by strong export prices.
“The increase in the current account surplus was driven by higher commodity prices," the ABS says.
"Coal prices were elevated over the 2021-22 financial year, with annual exports of Coal exceeding $100 billion for the first time.”
The terms of trade rose 4.6 per cent to its highest level on record.
Exports rose 14.7 per cent, with rises across Mining and Agricultural commodities as global supply constraints increased demand for Australian commodities.
(20min delay)