The Minerals Council of Australia (MCA) has welcomed the release of the Mid-Year Economic and Fiscal Outlook (MYEFO), saying it confirmed the mining industry’s vital contribution to the government’s improved fiscal position.
Federal Treasurer Josh Frydenberg on Monday said that while the budget was on track to return to surplus for the first time in 12 years, this surplus was now estimated at A$5-billion, compared with the previous estimate of A$7-billion.