Stocks and Investing Stocks and Investing

Australia PM Albanese says election 'imminent' as government rushes to pass tax cuts bill


Published on 2025-03-27 01:40:45 - Reuters
  Print publication without navigation

  • Australia Prime Minister Anthony Albanese said on Thursday he planned to call an election "imminently" as his centre-left government rushed through the parliament a bill on fresh tax cuts in a bid to lift support and win back aggrieved voters.

Australian Prime Minister Anthony Albanese has announced that a general election is imminent, with the government pushing to pass a significant tax cuts bill before the dissolution of parliament. The legislation, which aims to provide tax relief to millions of Australians, is part of the government's strategy to address cost-of-living pressures. Albanese emphasized the urgency of passing the bill, stating that it would be one of the last pieces of legislation before the election, expected to occur by May 2023. This move comes amidst speculation about the election date, with Albanese hinting that the election could be called as early as March or April. The tax cuts are designed to benefit low and middle-income earners, aiming to stimulate economic activity and provide financial relief.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/politics/government/australia-pm-albanese-says-election-imminent-as-government-rushes-to-pass-tax-cuts-bill/ar-AA1BJvhV ]