The Resources Inventory

The Resource Inventory is your source for the latest trends regarding the resource industry. We cull the latest information and updates from the energy, oil and gas, and mining industries.

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THE first payments from the Gillard government’s cash splash budget will be handed to families with schoolchildren next month after the opposition failed to block the legislation in the lower house last night.

It came after Wayne Swan effectively enshrined the forecast $1.5 billion surplus for next financial year as an election promise by vowing to cut spending further if changed economic circumstances threatened to keep the budget in deficit.

The Treasurer rejected suggestions the budget, with its extra $5 billion in handouts to help low- and middle-income earners with the cost of living, was motivated by trying to assuage anger over the impending carbon tax. But he acknowledged the government had paid ”a pretty high political price” for the policy.

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