Exports to slump by $117b by decade-end

"This is a timely reminder that revenue upgrades in the May budget will be substantially smaller than those in our first two budgets. "While the resources and energy sectors continue to make a big contribution to our economy and our national prosperity, we shouldn't expect to see upgrades to government receipts of the same extent as in our recent budgets." In the near term, commodity exports will amount to $417 billion in 2023-24, just a 10 per cent dip below the record $466 billion in 2022-23. But by the end of the decade, iron ore, coal and gas price falls…