Susan McDonald (Queensland, National Party, Shadow Minister for Resources) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Gallagher. We've seen the price of iron ore drop to US$81.80 per tonne, the lowest since November 2022. This is said to have massive impacts on Australia's finances, with your government making massive spending commitments well into the future. With every $10 drop in iron ore prices equalling $10 billion in lost national income and a potential $3 billion in lost company tax over the next three years, will you curtail unnecessary spending to protect the budget or order the approval of new mines to boost the bottom line?