Iron ore rout blows budget deficit to $38b
![Scott Morrison said the government's budget rules mean any new spending "must be fully offset."](/content/dam/images/g/l/l/3/z/6/image.related.afrIndexLead.320x210.glmdir.glm88m.png/1450010733452.jpg)
Months of plunging commodity prices and sluggish wages growth have punched fresh holes in the federal budget and pushed the likely return to surplus further into next decade.
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Months of plunging commodity prices and sluggish wages growth have punched fresh holes in the federal budget and pushed the likely return to surplus further into next decade.
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