Prime Minister Scott Morrison has announced that the federal budget will be unveiled in April 2019, leading to speculation that an election will be called in May.
During a media conference on Tuesday (27 November), Mr Morrison announced that, before Australians head to the polling booths, the federal government will be handing down a “surplus budget”.
“It will be a budget, which is the product of years of hard work of our government. Of successive treasurers and prime ministers that has ensured we have stayed on track to deliver a balanced budget, a surplus budget, which is what we promised the Australian people we would do.”
The Prime Minister’s announcement comes as the Liberal party’s woes continued this week when MP Julia Banks quit the party to join the crossbench as an independent.
The MP slammed the Liberal Party’s “internal games” and “personal ambition” in a speech to the House of Representatives on Tuesday morning.
“Led by members of the reactionary right wing, the coup was aided by many MPs trading their vote for a leadership change in exchange for their individual promotion, preselection endorsements or silence,” she said.
“Their actions were undeniably for themselves, for their position in the party, their power, their personal ambition – not for the Australian people who we represent, not for what people voted for in the 2016 election, not for stability. And disregarding that teamwork and stability delivers success.
“The aftermath of those dark days in August acutely laid bare the major parties’ obstructionist and combative actions and internal games – all for political point scoring rather than for timely, practical, sensible decisions on matters which Australians care about.”
The move comes after the Liberals lost the Victorian election to a Labor government over the weekend.
AGL is a failure of stewardship, according to the CEO of Climate Energy Finance. ...
Vanguard is terminating its multi-factor active ETF. ...
BetaShares has announced the launch of new ETFs to offer investors access to two of the world’s most significant alternative energy sourc...