Paul Keating
Net Worth 2024, Height, Wiki, Age, Bio

 Paul Keating facts

• Born in a working-class Sydney suburb and having left school at 15, Keating was first elected to the House of Representatives at 25, winning the seat of Blaxland in 1969
• Keating was appointed Treasurer of Australia by newly elected Prime Minister Bob Hawke in 1983
• Although lacking any formal education in economics, Keating went on to become arguably the most reforming Treasurer in Australian history
• During his time as Treasurer, the Australian dollar was floated, the financial sector deregulated, certain state sector industries were privatised, a capital gains tax was introduced, and a Prices and Incomes Accord was struck
• In 1990 he was elected Deputy Leader of the Labor Party and made Deputy Prime Minister
• Keating later challenged Hawke for the leadership in June 1991, and resigned from the ministry following defeat
• Six months later he challenged Hawke again, this time successfully, and subsequently became Prime Minister
• He would go on to deliver the Labor government a record fifth consecutive victory and a record 13 years in government at the 1993 election, defeating the opposition led by John Hewson and his 650-page Fightback! policy package, despite consistently poor government opinion polls following the effects of the early 1990s recession
• The Keating Government introduced native title to Aborigines, greatly increased the social wage and the family benefits system, saw increased bilateral relations between Australia and countries in Asia, and aggressively promoted a vision of Australia as a republic
• After being defeated by John Howard at the 1996 election, Keating resigned as Prime Minister and retired from Parliament