Independent analysis finds the Senate and the deteriorating iron - TopicsExpress

Independent analysis finds the Senate and the deteriorating iron ore price have knocked a $51bn hole in #Treasurer Joe #Hockeys first #budget, iron ore has fallen in price from US$103 a tonne at the May budget to US$83 today, taking as much as $10bn out of tax revenue and helping push wage growth to its lowest level in a decade, analysis shows the growth outlook for Australia has slipped, with growth of just 2.1% expected in 2015-16 instead of the 3% forecast in the budget.

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