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WA’s iron ore to help power budget into $20b surplus

Summary by Ground News
Research from the Commonwealth Bank of Australia revealed the federal budget is running at a $17b deficit for the first four months of the 2024 financial year. This is a deficit $9.1b lower than originally anticipated. The original forecast of a $13.9b deficit, according to analysis from Australia's biggest bank.

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The West AustralianThe West Australian
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WA’s iron ore to help power budget into $20b surplus

Better-than-expected iron ore prices will help hand federal treasurer Jim Chalmers a $20 billion budget surplus, compared to an originally forecast deficit, according to analysis from Australia’s biggest bank.

·Australia
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The West Australian broke the news in Australia on Tuesday, November 28, 2023.
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