❓ Question regarding the Premier's statement on iron ore revenue forecasts for the 2014-15 financial year, specifically whether increased volumes would offset falling prices. The Treasurer clarifies the Premier's statement and provides context.
AnsweredQoN 629Legislative Assembly
QuestionView source ↗
IRON ORE
REVENUE FORECAST METHODOLOGY
629. Mr B.S. WYATT to the
Treasurer:
I have a supplementary question. Was the Premier correct when
he said that the increased volumes will offset the falling price in the 2014–15
financial year?
REVENUE FORECAST METHODOLOGY
629. Mr B.S. WYATT to the
Treasurer:
I have a supplementary question. Was the Premier correct when
he said that the increased volumes will offset the falling price in the 2014–15
financial year?
AnswerView source ↗
Yes, higher volumes—no, he never said that. It will
offset the falling price; it did last year, and real growth in the volumes this
year will offset some of the declining prices so far. However, no-one argued or
said that it would fully offset it.
offset the falling price; it did last year, and real growth in the volumes this
year will offset some of the declining prices so far. However, no-one argued or
said that it would fully offset it.
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