Mr Nalder asks the Treasurer about the current impacts on state revenue due to unforeseen circumstances. The Treasurer acknowledges revenue decline across most sources except royalties, promising to provide more concrete figures when a reliable trajectory is established.

AnsweredQoN 323Legislative Assembly
Asked
20 May 2020
Portfolio
Treasurer

QuestionView source ↗

STATE ECONOMY
323. Mr D.C. NALDER to the Treasurer:
I have a supplementary question. I appreciate
that response, and I look forward to the March quarterly report, but would the
Treasurer be able to share with the house the actual impacts on revenue that
are occurring now, to give us a sense of how much it has fallen against the
current budget?

AnswerView source ↗

The
point I made a minute ago is that the March quarter will highlight that the
impacts that hit the finances will flow for the June quarter. The point I
made before is that we will not see a stark difference for the March quarter,
but all revenue sources other than
royalties are declining and will continue to decline. Royalties, as we are all
aware, I suspect, are holding up, primarily driven by a high iron ore price,
but all other revenue sources will certainly decline. Once we have an idea of
when that is on a trajectory that we have confidence in, I will certainly
provide that information.
Mr D.T. Redman : I was first,
Mr Speaker!
The SPEAKER : Okay. You have a
ribbon on already, but I will give you another one. We will go in the correct
order. Member for Baldivis.

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