Iron ore royalties to pour $1.3 billion into Treasury coffers than forecast in December

Iron ore royalties are on track to pour $1.3 billion more into Treasury coffers than forecast in December, handing Treasurer Rita Saffioti a major windfall as she prepares to deliver her first Budget on Thursday.

Mining royalties – particularly from iron ore – have delivered a raft of major fiscal upgrades in recent years, helping propel WA to five successive operating surpluses.

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