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Australia's budget gains $36B from Middle East conflict boosting commodity prices.
The Middle East conflict is expected to boost Australia's budget by $36 billion over three years due to soaring commodity prices.
Economist Chris Richardson predicts an extra $9 billion in revenue this year, with $27 billion more in the coming years from higher taxes and demand.
While this windfall helps the fiscal position, increased spending on cost-of-living relief, such as fuel cuts, may offset gains.
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El presupuesto de Australia gana 36 mil millones de dólares por el conflicto de Oriente Medio que aumenta los precios de las materias primas.