CAPITAL MARKETS

$6B commodity boost fills MRRT budget hole

BETTER commodity prices will add $A6 billion to the federal government's bottom line under the new mineral resource rent tax, with federal Treasurer Wayne Swan admitting today that Treasury had underestimated the likely tax take from the old resources super-profits tax by almost half in its initial projections.

Nick Evans
$6B commodity boost fills MRRT budget hole

The government released revised economic modelling today, backing its claims the MRRT will raise $10.5 billion over the forward estimates period. The figures are based on new commodity price modelling...

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