Windfall of $1bn shows state remains reliant on resources even amid renewables push

Surging coal prices will help to underwrite the upcoming Queensland budget. The state is expected to announce it has earned about $1bn more than initially forecast from royalties.

The windfall will help the Palaszczuk Labor government pay for infrastructure spending and handouts in next week’s budget, and will likely speed up the state’s projected return to surplus.

Continue reading…

Read More Coal comfort: Queensland budget to benefit from surging mining royalties

Facebook Comments