1154
No Surplus in Sight
World Economy

No Surplus in Sight

The WA Treasurer has refused to guarantee a surplus this financial year as plummeting iron ore prices threaten to punch a hole in the state budget, ABC online reported. Mike Nahan today handed down the annual report on state finances, which revealed a larger than expected surplus of $719 million for the last financial year. However, he said the volatile iron ore price had put a question mark over whether a consecutive surplus was a possibility. “Until we get closer to the end of the year, I can’t say that,” he said.

 

Short URL : http://goo.gl/S3hVDc

You can also read ...

An expanding trade war threatens to squeeze incomes.
The untold story of the world economy—so far at least—is the...
Russia has been seeking ways of decreasing dependence  on the US currency.
One of Russia’s largest banks, VTB is seeking to decrease the...
Uncertainty abounds in Malaysia, where a two-month-old government is only starting to give  a clearer picture of economic policy.
For Southeast Asia's biggest economies, 2018 wasn't supposed...
PwC Says Australian Firms Deliberately Going Broke
Companies that deliberately fail are costing the Australian...
Asian Stocks Retreat, European Shares Mixed
Asian stocks closed lower on Monday as investors digested the...
Turkey Budget Deficit Expands
Turkey’s central government budget balance recorded a deficit...
Experts Say China Can Cope With Uncertain H2
China is confident it can cope with a more uncertain second...
Chinese Premier Li Keqiang (C) shakes hands with Jean-Claude Juncker (L) and Donald Tusk after the meeting in Beijing on Monday.
China could open its economy if it wished, European Commission...

Trending

Googleplus