Hawke-Keating Government

The Hawke-Keating Government refers to the Australian federal administration led jointly by Prime Minister Bob Hawke (1983-1991) and Treasurer Paul Keating (1983-1996). It is known for significant economic reforms, including deregulation of industries, floating the Australian dollar, reducing tariffs and import restrictions, and reforming the financial system. These changes modernized Australia's economy, making it more open and competitive. The government also prioritized social policies such as healthcare and education. Overall, their leadership transformed Australia's economy from highly protected to more market-oriented, setting the foundation for sustained economic growth and development.