The treasurer said it was China, rather than then treasurer Wayne Swan, who saved Australia from the global financial crisis. Who will he credit this time?
The old adage in sport is that it’s better to be lucky than good, and it applies as well to being a treasurer. Regardless of whether or not you consider Peter Costello a good treasurer, he sure as heck was a lot luckier than those who followed him. But now Scott Morrison may himself be about to get lucky.
Once the mining boom of the early 2000s kicked into gear, so too did large amounts of revenue – but, importantly, it was unexpected amounts of revenue.
Source: Guardian Environment