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AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA
Political RiskPolicy NewsAPACAustraliaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

The Australian reports that Albanese's government is preparing for an early budget in March as a precursor to a federal election in May. This means the vote would be about as late as possible inside the gov's term, only just before the deadline next year.

  • This contrasts with some expectations just a few months ago that easing inflation and interest rates could mean Albanese calls a vote as soon as December to capitalise on the better economy - but that appears to not be playing out.

"Senior Labor figures are ­already planning for the March budget, which has been brought forward from the usual May timeframe ­because a budget cannot be ­delivered after parliament has been dissolved in the election lead-up."

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The Australian reports that Albanese's government is preparing for an early budget in March as a precursor to a federal election in May. This means the vote would be about as late as possible inside the gov's term, only just before the deadline next year.

  • This contrasts with some expectations just a few months ago that easing inflation and interest rates could mean Albanese calls a vote as soon as December to capitalise on the better economy - but that appears to not be playing out.

"Senior Labor figures are ­already planning for the March budget, which has been brought forward from the usual May timeframe ­because a budget cannot be ­delivered after parliament has been dissolved in the election lead-up."

Keep reading...Show less