No Rivers of Gold From This Boom: Swan

The Sydney Morning Herald reported on Treasurer Wayne Swan’s comments that the current mining boom won’t have a dramatic effect on Australian government revenue.

The market news is quoted as saying:

Unlike between 2004 and 2007 when tax revenues were revised up by a massive $334 billion cumulatively over the budget estimates, the current boom is expected to generate more modest inflows of revenue.

To read the full market news, click here.