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Michelle Grattan, Professorial Fellow, University of Canberra

Albanese to announce interest-free loans for businesses hit by fuel crisis

Prime Minister Anthony Albanese on Thursday will announce interest-free loans for businesses hit by the fuel crisis, in a speech also promising the crisis won’t divert the government from economic reform in the budget.

The loans will help truckies, freight companies and fuel and fertiliser producers. This comes after cuts in excise and the Heavy Vehicle Road User Charge and moves to assist small business were also announced this week.

Albanese, addressing the National Press Club in a speech released in part ahead of delivery, will say the May 12 budget will be “our government’s most important budget to date and it will be our most ambitious. It has to be.”

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