Flooding impact leaves government with $5 billion hit to economy
Published
The Federal Treasury has estimated last year's catastrophic flooding events cost the nation's economy upwards of five billion dollars. And, with more floods ongoing in Western and South Australia, its forecasting natural disasters to be one of Australia's biggest economic dangers going forward.
Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.