Mining booms and government budgets
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
The different time paths of effects of a mining boom driven by an increase in
demand or by an outward shift of supply on the revenues and expenditures of the
Australian Commonwealth and State Governments are described using a partial
equilibrium model. Theoretical arguments to replace the present system of royalties
with one of the different forms of economic rent tax and to increase the average
revenue collected are presented. Some of the practical challenges to achieve more
efficient special taxation of mineral and energy resources are reviewed. In the
Australian context, it is argued that the case for placing the windfall revenue gains
of a mining boom into a sovereign wealth fund rather than the normal budget
processes is not compelling.