Judo Bank Economic Advisor Warren Hogan says elevating commodity costs shall be “too tempting” for Treasurer Jim Chalmers to “resist” within the upcoming May funds.
“Part of dealing with the structural budget deficit – you just revise up your long run assumption for iron ore from $55 to say … $65 (per tonne),” Mr Hogan instructed Sky News Australia.
“That will deliver them billions in extra revenue in the forward projections, which will help improve the budget deficit.
“So I think it will be too hard to resist and I think there’s some reality to it.”
Source: www.news.com.au
