Australia’s new PM Albanese sworn in, ahead of Quad meet
Anthony Albanese is the leader of Labor Party during ceremonies at Canberra’s Government House, Australia on Monday, May 23rd, 2022. Albanese was elected the 31st Prime Minister of the Country on Monday. He promised to unify the nation after an erratic election campaign and to fight inequality and climate change.
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Anthony Albanese from Australia, the leader of Labor Party, was inducted as 31st Prime minister. Albanese promised to unite the country following a bitter election campaign.
Labor’s return to power was possible thanks to unprecedented support from the Greens. The Greens also received support from climate-focused independents. These women helped close the gap of nearly 10 years of government by the conservative coalition.
Albanese, who was the prime minister, stated, “I look forward leading a government which makes Australians proud. A government that doesn’t seeks to divide, doesn’t seek wedges, but seeks people together.”
However, the vote is still being counted, and the composition of the government remains to be determined, Governor-General David Hurley swore Albanese in at Canberra’s ceremony. He wanted him to be able attend Tuesday’s meeting of the Qad security group in Tokyo.
The Quad is an informal group consisting of Australia, Japan, USA, and Japan. It was created by Washington to serve as a potential buffer against China’s growing political, economic, and military activities in the Indo-Pacific.
Albanese stated that China’s relations with the United States would be “difficult” in the lead-up to the summit with Joe Biden, the U.S. president and prime ministers from Japan and India.
Deputy Labor leader Richard Marles and three key ministers — Penny Wong in foreign affairs, Jim Chalmers as treasurer and Katy Gallagher in finance — were also sworn in, with Wong to join Albanese on the Quad trip.
Labor’s campaign heavily spotlighted Albanese’s working-class credentials — a boy raised in public housing by a single mother on a disability pension — and his image as a pragmatic unifier.
According to television stations, Centre-left Labor remains just four seats shy of the majority of 76 in a 151 seat lower House, while about a dozen other races are too close for comfort.
ABC election analysts predicted that the Green or Independent party would win at least fifteen seats.
Campaigns by so-called independent “teal” candidates in Liberal-held seats could have significant influence. They would be running on the platform of climate integrity, equality and sustainability.
Monique Ryan (an independent) said that climate was the main issue for constituents when she tried to unseated Josh Frydenberg as Treasurer.
We listened carefully to people’s needs, values, and desires and created a platform to reflect those.
Albanese expressed hope that Labor will win enough seats to allow them to govern independently, adding that he has reached deals with some independents where they won’t back no confidence motions against the government. He stated that the swearing in of the entire ministry would take place on June 1.
With the record-breaking 2.7million postal votes being counted, official results might not arrive for many days.
The Australian financial markets showed a neutral reaction to Monday’s election result. With the outcome priced in, and with no major economic change expected, the market was not likely to react.
According to economists from Commonwealth Bank of Australia, “Our economic forecasts are the same and we still call upon the Reserve Bank of Australia” despite changes in national leadership.