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Australia PM Albanese calls national election for May 3

Published by Global Banking & Finance Review

Posted on March 27, 2025

3 min read

· Last updated: January 24, 2026

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Australia PM Albanese calls national election for May 3
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Australia's PM Albanese Announces National Election Date for May 3

By Alasdair Pal and Renju Jose

SYDNEY (Reuters) -Australia's Prime Minister Anthony Albanese on Friday called a national election for May 3, launching a five-week campaign that is set to be dominated by cost-of-living pressures.

Albanese's Labor party won a majority at the last federal election in 2022, but most recent opinion polls show the party neck-and-neck with the opposition Liberal-National coalition when votes from smaller parties are redistributed.

"Our government has chosen to face global challenges the Australian way - helping people under cost-of-living pressure, while building for the future," he told a press conference. "Because of the strength and resilience that our people have shown, Australia is turning the corner. Now on 3 May, you choose the way forward."

Albanese earlier in the morning met the country's Governor-General Sam Mostyn to seek permission to call a nationwide federal election.

Under Australia's constitution the prime minister must formally seek permission to call an election from the governor-general, who represents the head of state, Britain's King Charles.

Three-year term limits mean Australia must go to the polls by May 17 at the latest to elect a new parliament.

TIGHT CAMPAIGN

Albanese has announced a slew of measures aimed at pleasing families and businesses in recent months, including tax cuts in Tuesday's budget, with the rising cost of living in the country set to dominate the campaign.

A close-run election could mean no single party or coalition of parties will be able to form a government on its own, instead relying on smaller parties to command a majority in the country's lower house.

Albanese, a long-time Labor lawmaker who grew up in government housing, came to power on a wave of personal popularity, but has suffered from the rising cost of living and a steep rise in interest rates during his tenure.

Falling inflation and the decision by Australia's central bank to cut interest rates for the first time in five years at its February meeting have done little to help Albanese's polling numbers.

After enjoying a healthy lead for much of his term, his personal approval ratings are now close to those of Liberal leader Peter Dutton, a former police officer and the interior minister in the last Liberal-National government.

Dutton has campaigned on law-and-order and a plan to adopt nuclear power in the country, in opposition to Labor's transition to renewable energy.

Both leaders have promised an extra A$8.5 billion ($5.42 billion) over four years to shore up the country's public healthcare system.

($1 = 1.5694 Australian dollars)

(Reporting by Alasdair Pal and Renju Jose in Sydney; Editing by Michael Perry and Jamie Freed)

Key Takeaways

  • Australia's national election is set for May 3.
  • PM Albanese faces a tight race against the opposition.
  • Cost-of-living pressures dominate the election campaign.
  • Albanese's approval ratings are close to Peter Dutton's.
  • Both leaders promise significant healthcare funding.

Frequently Asked Questions

What date has PM Albanese called for the national election?
PM Anthony Albanese has called a national election for May 3.
What are the main issues expected to dominate the election campaign?
The election campaign is expected to be dominated by cost-of-living pressures.
What measures has Albanese announced to address public concerns?
Albanese has announced tax cuts and additional funding for public healthcare to please families and businesses.
How does the current polling situation look for the Labor party?
Recent opinion polls show the Labor party neck-and-neck with the opposition Liberal-National coalition.
What has been the impact of rising interest rates on Albanese's approval ratings?
Rising interest rates and the cost of living have negatively impacted Albanese's approval ratings, bringing them close to those of Liberal leader Peter Dutton.

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