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New Australian Prime Minister shifts focus to domestic issues

Accordingly, the new Prime Minister Australia will shift focus to domestic issues.

Mr. Albanese made the remarks days after taking office with an agenda focused on international security issues, including attending a meeting of Quartet leaders including Japan, the United States, and the United States. Australia and India.

In an interview with ABC television, Prime Minister Albanese said: “I want an economy that works for the benefit of the people.”

Earlier, on May 25, Australia’s Treasurer Jim Chalmers assessed the country’s current financial situation as “very bad”, warning that household budgets will be under a lot of pressure when interest rates fall. interest rates increased to cope with the spike in inflation.

Prime Minister Albanese was sworn in on May 23 after his Australian Labor Party won the federal parliamentary election. In his campaign pledge to bring a better future for Australia, Mr. Albanese affirmed that he would focus on strengthening the resilience and self-reliance of the national economy, especially in relation to global supply chains. demand, as well as focus on solving the difficulties that people are facing such as inflation, cost of living and rising house prices.

Accordingly, he pledged to support the increase of the basic salary to keep up with the inflation rate currently at 5.1%, implement the program to support people to own houses through the policy of government contributions. from 30% to 40% of the money to buy a house and finance the development of social housing projects.

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