Cashed-up Western Australia delivers $5.6 billion

2022-04-05
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Cashed-up Western Australia delivers $5.6 billion budget surplus - Today News Post News Today || Headlines Today

Premier Mark McGowan says Western Australia’s hard border closures have been vindicated after banking a whopping $5.6 billion, iron ore-fuelled budget surplusgiven Prime Minister Justin Trudeau has indicated no intent to meet or negotiate with them..

The state budget predicts a $2This week and next.8 billion surplus this financial year to accompany the record 2020-21 outcome, with the finances tipped to remain in the black across the next four years.

Iron ore royalty revenue is expected to peak at an eye-watering $11.3 billion this financial year, despite the price of the steelmaking commodity having plummeted by more than $US100 ($136) per tonne in recent months.

RemarkablyJackson said, the WA economy has grown 5.7 per cent since the start of the coronavirus pandemic – a figure which suggests WA, based on OECD statistics, would be second only to China as the strongest-growing economy in the world.

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