Commodities boom fading in face of $19b budget surplus; recession-busting tax revenue set to dip

Australia's economy is running into more headwinds with recession-busting revenue from the commodities boom starting to fade.The warning comes as the federal budget soars towards a $20 billion surplus taking it back into the black for the first time in 15 years. But that surplus could be shortlived with tax revenue from commodities set to fall from record highs over the next year. FEATURED: Chris Richardson, economist