Budget battle as Treasurer won't commit to saving mining windfall

By Peter Martin
Updated March 2 2017 - 7:08pm, first published 4:40pm
Treasurer Scott Morrison says it is not clear what position he will take over the extra revenue. Photo: Alex Ellinghausen
Treasurer Scott Morrison says it is not clear what position he will take over the extra revenue. Photo: Alex Ellinghausen
Treasury Secretary John Fraser told a Senate hearing on Wednesday he wanted the budget to bank mining windfalls. Photo: Alex Ellinghausen
Treasury Secretary John Fraser told a Senate hearing on Wednesday he wanted the budget to bank mining windfalls. Photo: Alex Ellinghausen

Australia's top economic bureaucrat has begged the government not to spend the coming windfall from soaring coal and iron ore prices, saying if it did it would repeat the mistakes of prime minister John Howard and treasurer Peter Costello in the early 2000s.

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