Windfall from the resources boom, Radio National Breakfast

May 28, 2012

For the past decade, Australia rode high on the mining boom. The revenue that flowed from that has delivered Federal coffers an unprecedented bounty, which helped Australia avoid the global recession that engulfed much of the developed world after the GFC. But with commodity prices now falling and tax revenue slumping again, it’s time to ask where that mining windfall really went, and how well was it spent?