Yep that'll be right, dramatically falling mining prices will decimate the budget because Treasury routinely overestimate's revenue and underestimates expenditure.
Just one question - Since revenues from mining industry are going to dramatically fall why oh why did the mining industry agree to pay more tax?
Well two questions actually
Why is RIO investing another $240m in the Pilbara to increase output?
swann on lateline, page-8
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