West Australian Budget Surplus to Defy COVID Gloom

West Australian Budget Surplus to Defy COVID Gloom
Western Australian Premier Mark McGowan speaks during a media conference at Dumas House in Perth, Australia on Sept. 4, 2020. Matt Jelonek/Getty Images
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West Australian Treasurer Ben Wyatt is set to defy the global economic downturn and forecast a modest surplus in state budget on Oct. 7.

A resurgent iron ore price has effectively ensured the finances will be kept in the black despite the $5.5 billion cost of the McGowan government’s COVID-19 state recovery plan.