THE Queensland budget forecasts a $4 billion cumulative reduction in resources royalties over the next four years thanks to lower prices brought about by the COVID-19 pandemic and the ongoing trade dispute with China.
Queensland's coal exports are forecast to plunge another 8% cent in 2020-21.
Coal royalties are expected to be $1.64 billion this financial year compared with the $3.74 billion three years ago. Queensland's coal exports are forecast to plunge another 8% cent in 2020-21 due to...
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