Australian Treasurer Hockey: Fall in iron ore price to have budget impact

Australian Treasurer Hockey in an interview,

Via Bloomberg:

• “ … has a direct impact on our Budget bottom line. There is no doubt about that.”
• “We are not going to turn our mid-year Budget into a mini-Budget. We are not going to go down the path of trying to make up lost ground immediately.”

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If you’re response is “Well, d’uh …” … Don’t blame Joe. He’s just doin’ his job.