Aussie government slashes iron ore outlook

THE federal government has slashed its iron ore forecast to the current level of $US39/t from $48/t previously in its mid-year budget update. While the depreciation of the Australian dollar will help, the slump in prices is expected to result in a $A7 billion hole in tax revenue.

Aussie government slashes iron ore outlook Aussie government slashes iron ore outlook Aussie government slashes iron ore outlook Aussie government slashes iron ore outlook Aussie government slashes iron ore outlook
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