InDaily

Tag: mid-year budget update

  • Steaming ahead: King coal drives state’s economic engine to record surplus

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    The record result comes via higher resources royalties off the back of global coal and oil price surges. But Treasurer Cameron Dick has warned in his mid-financial year budget update released on Wednesday that the roaring conditions flowing from the resources sector will not last. “Today’s record surplus is a high-water mark that won’t be…

  • Economic growth forecasts downgraded

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    Economic growth is expected to come in at 2.5 per cent in 2015/16, remaining below trend at 2.75 per cent in 2016/17 – a significant deterioration from the 3.25 per cent forecast in the May budget. As economists widely predicted, the mid-year economic and fiscal outlook, released on Tuesday, also shows a blowout in the…