Iron ore comedy turns to tragedy for Colin Barnett

Friday, 3 July 2015

The situation has gone from bad to worse for the Western Australian Government, and its leader Colin Barnett.

After delusionally forecasting high iron ore prices as far as the eye can see in the 2014-15 Western Australian State Budget, along with surging royalty revenues:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.