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Spoils of Iran war to deliver Chalmers a budget boost
THE Iran war is set to deliver a $36 billion windfall for Treasurer Jim Chalmers, but increased spending on cost-of-living measures could derail efforts to get the budget back in black. Even with a fragile ceasefire holding in the Middle East, the disruption to key supply routes has sent prices for essential commodities such as oil, gas and coal skyrocketing. That’s bad news for Australian families but good news for the budget bottom line, independent economist Chris Richardson says. Mr Richardson predicts the taxman will rake in an extra $9 billion in the current financial yea
