Lower coal royalties hit Qld budget

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.

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Lower coal royalties hit Qld budget Lower coal royalties hit Qld budget Lower coal royalties hit Qld budget Lower coal royalties hit Qld budget Lower coal royalties hit Qld budget

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.