In "Riches from Royalties: How Australia’s States and Territories Depend on Mining," Gene Tunny highlights how royalty payments from mining companies serve as a vital source of revenue for state and territory governments. These funds support essential public services such as health and education while helping reduce reliance on federal transfers. The paper reviews the value of royalties, explores alternative models like resource rent taxes and state-owned enterprises, and discusses the broader fiscal implications for federal-state financial relations in Australia.
Read the paper here: https://www.cis.org.au/publication/riches-from-royalties-how-australias-states-and-territories-depend-on-mining Audio Produced by: Randall Evans
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