Western Australia will become the only state in Australia to declare a surplus when Premier Mark McGowan hands down the state’s economic budget.
The premier has claimed the state will be comfortably in the black despite spending more than $5 billion on coronavirus stimulus.
“We have been the government with the best financial management in Australia now for the last three years and you’ll see that continue,” he said.
“One of the big lessons out of the federal budget is that once again Western Australia is carrying the country.
“We kept the mining industry open when others were calling on it to close."
Western Australia’s economy has stayed alive largely due to the iron ore industry which pays around $5 billion in royalties to the state each year and $3 billion in company tax to the federal government.
