THE INTERPRETER: $51 billion black hole in Treasurer Joe Hockey's budget : When the budget was struck in May the iron ore price was $US103 ($119) a tonne. It has since fallen to $US83 taking as much as $10 billion out of tax revenue and helping push wage growth to its lowest level in a decade.

Tuesday, 11 November 2014

$51 billion black hole in Treasurer Joe Hockey's budget : When the budget was struck in May the iron ore price was $US103 ($119) a tonne. It has since fallen to $US83 taking as much as $10 billion out of tax revenue and helping push wage growth to its lowest level in a decade.

Treasurer Joe Hockey has a $51 billion problem

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