Mining gives NSW budget shot in the arm

NEW South Wales mineral royalties have been revised up by $227.5 million in 2018-19 and by $455.4 million over the four years to 2021-22 as part of the budget update announced by the NSW Treasurer Dominic Perrottet.

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Mining gives NSW budget shot in the arm Mining gives NSW budget shot in the arm Mining gives NSW budget shot in the arm Mining gives NSW budget shot in the arm Mining gives NSW budget shot in the arm

Coal exports from Newcastle are helping to bring windfall gains to the NSW budget.

Mining royalties are expected to deliver more than $7.8 billion in revenue over the next four years with the help of higher than expected thermal coal prices and strong demand across Asian markets.

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