Australia to See Budget Gain, Household Hit in Iran War, BE Says

Bloomberg Economics says the war in Iran has pushed up liquefied natural gas and coal export prices, which will boost Australia’s fiscal receipts. At the same time, households will be hit by surging gasoline costs, creating a fiscal gain for the government but a real-income loss for consumers.

Analysis

Bloomberg Economics says the war in Iran has pushed up liquefied natural gas and coal export prices, which will boost Australia’s fiscal receipts. At the same time, households will be hit by surging gasoline costs, creating a fiscal gain for the government but a real-income loss for consumers.