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Event Brief

Federal budget to pocket Iran war tax windfall

The government says extra tax revenue from the Iran war will be saved in full in next week’s federal budget.
WHO: the government
WHAT: next week’s federal budget will save the Iran war tax windfall
WHEN: May 3, 2026 at 3:01 PM ET
WHERE: Australia
WHY: The government is downplaying major cost-of-living relief in the federal budget.

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