Once again the Federal Budget reflects the importance of the resources sector, delivering revenue that enabled the Government to deliver its social spending initiatives.
The Budget papers show that company tax collections were “higher than expected, reflecting higher commodity prices and profits in the mining sector”.
The Government has anticipated getting an extra $22b from record iron ore and coal prices.
The Pilbara is resources heart of the nation, and Port Hedland is the centre of the iron ore industry. Both should be congratulated for playing their part in this year’s Budget.