Dean Smith (WA, Liberal Party) Share this | Hansard source

Mr President, I ask a supplementary question. I refer the minister again to the 2012-13 budget, which forecast that Australia's export volumes would increase by 4½ per cent this year and next year. Data released today by the Bureau of Resources and Energy Economics show that, on top of lower commodity prices, production volumes will also be lower than previously expected. What will be the impact on the budget bottom line of this dual decline in both commodity prices and predicted production volumes?