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flag Australia's budget gains $36B from Middle East conflict boosting commodity prices.

flag The Middle East conflict is expected to boost Australia's budget by $36 billion over three years due to soaring commodity prices. flag 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. flag 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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