According to a new report, increasing the price of alcohol would result in billions of dollars of revenue annually.

Although not everyone is happy about the prospect of higher alcohol prices particularly on cheap wine and cider, it would boost tax revenue by $2.9 billion a year and a report says it will also benefit public health.

According to the report a spike of 10 per cent in alcohol excise would result in a 9.4 per cent decrease in alcohol harms.

FARE suggests the increased tax revenue be spent in the health system to help chronic disease prevention and research.  Source: http://www.9news.com.au/health/2016/03/08/00/19/booze-price-hike-good-for-health-report