Hon Ben Wyatt LLB MSc MLA

Hon Ben Wyatt LLB MSc MLA

Treasurer; Minister for Finance; Energy; Aboriginal Affairs

    Iron ore noise is hosed down with financial facts

    7/04/2017 9:55 AM
    • ​Treasurer Ben Wyatt dismisses false claims that iron ore price assumptions had not been updated

    Updated iron ore price assumptions were included in the latest economic and fiscal overview delivered by WA Treasury this week.


    In the current financial year (2016-17) for example, the iron ore price assumption has been revised up by more than $US3 per tonne, which is why the forecast operating deficit of $2.9 billion is now marginally better than the pre-election forecast of a $3 billion deficit.


    Full details of updated iron ore assumptions are below.


    Pre-election iron ore price assumptions ($US/tonne)
    Updated iron ore price assumptions ($US/tonne)
    2016-1773.70 (up 3.40)
    2017-1868.90 (up 2.90)
    2018-1964.90 (up 1.30)
    2019-2064.70 (up 1.00)


    A copy of the Economic and Fiscal Outlook presentation is available at http://www.treasury.wa.gov.au


    Treasurer's office - 6552 5900