Commodity rally won't fix revenue, says Scott Morrison
The Coalition government is bracing for a significant deterioration in next month's budget update as weaker wages growth offsets any tax revenue boost from a surprise rebound in iron ore and coal export prices.
Treasurer Scott Morrison is rejecting suggestions that higher commodity export prices undermine the case for the government's proposed cuts to the 30 per cent company tax rate to help turn around the slump in national income growth.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Economy
Fetching latest articles