WA treasurer acknowledges impact of revenue-source shift while transition continues

The new treasurer of Western Australia (WA), Mike Nahan, says the state is well placed to manage the transition to the resources production phase despite what he sees as an ongoing reliance on mining royalties to supplement WA's small share of the national GST pot. Elsewhere, Western Australian Treasury Corporation (WATC) notes a reduced dependence on short-term markets in its post-budget borrowing forecast, even as growth in its funding programme peaks.