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AAP
AAP
Jacob Shteyman and Tess Ikonomou

Mining export slump puts federal budget in the doldrums

Economy Jim Chalmers Australia RBA
Treasury will downgrade mining exports by more than $100bn over four years in its budget update. (Kim Christian/AAP PHOTOS)

China's struggling economy will hit Australia's company tax take in coming years, but the treasurer has high hopes the nation's largest trading partner will overcome its malaise.

The Mid-Year Economic and Fiscal Outlook, due on Wednesday, will show tax receipts have been revised downwards for the first time since 2020, largely as a result of lower export revenues to China.

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