Published: March 29, 2019
Despite record earnings from resources sector, tax revenues could fall with coal under threat from Beijing rethink
Australia’s booming earnings from coal exports could be in jeopardy if China switches to more domestic supply and if port restrictions continue to favour competing exporters, a federal government report has warned.
The country’s energy and resources exports will rake in an extra $20bn to rise to $278bn this financial year, the report by the industry department said, creating a timely bonanza for the treasurer, Josh Frydenberg, to exploit in next week’s federal budget.
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