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WATER: Federal water plan could wipe 2.9 per cent off GDP

Patrick J. ByrneSep 15, 20075 min read

The Prime Minister’s plans for the Murray-Darling Basin would remove so much water from irrigation, it could wipe $28 billion, or 2.9 per cent, off Australia’s GDP. Australia is now facing the worst drought in its history, while national water policy is in major crisis, reports Patrick J. Byrne.At the current flows-rates to South Australia, it estimated that the Murray valley will be…

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