The Treasurer on Sunday criticised the Coalition for squandering extra revenue from elevated global coal, natural gas and iron ore prices.
will channel “most” of the temporary windfall from soaring commodities prices into repairing the federal budget’s bottom line, ruling out a return a surplus over the forward estimates on Sunday., Dr Chalmers criticised the Coalition for squandering extra revenue from elevated global coal, natural gas and iron ore prices before the election.
“We will put a premium on restraint, and we will try and bank most of the temporary revenue upgrade we get from higher commodity prices.” Veteran budget watcher Chris Richardson described the boost in energy commodities prices sparked by Russia’s invasion of Ukraine as coming off slightly. Dr Chalmers released forecasts showing electricity charges will increase 23 per cent, down from the original 36 per cent forecast last year.
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