We are one quarter into the federal govt term
Neil Pharaoh
Despite the tongue in cheek time-marker, we should be looking ahead to develop organisational strategies in line with government timelines, writes Neil Pharaoh.˜
While said in jest, we are almost one quarter of the the way through the current federal government term, being strategic now will make a big difference for the election in 2025.˜
Remember that there is already less than 1000 days, and around 650 workdays (when you remove weekends and holidays), until the next election.˜˜
While it may come as a shock, being one quarter of the way through the first term of the Albanese Labor government should not be a big thing for those looking ahead in their political planning (assuming of course we go to near full term). Between now and the next federal election there are a number of milestone moments and opportunities and how you prepare for them now is what will make your outcomes better in 2025 (or sooner).˜
So let?s kick off with some high level timelines of the political cycle, assuming an election in or around March to May 2025.
- The last federal budget before the election will be around May or early June 2024 and be most likely to set the tone for the election˜
- Budget preparation for the 2024 ?election? budget will kick off around December 2023. That's right! Less than ten months away.
- We will have two mid-year economic updates in December 2023 and December 2024.