Paul Keating’s profile picture

Paul Keating

Paul Keating’s profile picture
Net worth 2018: $900,000
Industry: Prime Ministers
Residence: Sydney
Country: Australian
BirthDay: 18 January 1944
Sigh: Aquarius
Height: 1.82 m
Education: Belmore Technical College, LaSalle Catholic College
BIOGRAPHY

Paul Keating was bornon 18 January 1944 in Sydney, Australian. Paul John Keating was the 24th Prime Minister of Australia who held the post from December 1991 to March 1996. He had been in politics for long before his career culminated in his being chosen the Prime Minister. The Keating government in Australia is credited to have ushered in a new era of economic growth that led to a higher standard of living for the citizens. Keating, who had previously served as the Treasurer had a major role to play in shaping the country’s financial system and economy. The highly intelligent politician introduced policies for building economic competitiveness and deregulating Australia’s economy. He always had an inherent interest in politics and entered the parliament when he was just 25 years of age—making him one of the youngest federal parliamentarians. He went on to be appointed the Treasurer during the Hawke Government and successfully challenged Hawke for the Labor leadership later on. After becoming the Prime Minister he implemented a succession of progressive reforms which aimed at dismantling trade barriers, regulating industries and adoption of tax reforms. He stepped down from the post in 1996 post his defeat to John Howard. He became a successful businessman after his retirement from politics.

TIMELINE
1996

In March 1996, the Australian Labor Party was defeated and Keating resigned as the Prime Minister

1992

He delivered the legendary Redfern Speech on Aboriginal reconciliation in December 1992

1991

He was sworn in as the 24th Prime Minister of Australia on 20th December 1991

1990

His policies were criticized when the country experienced recession in the 1990s

1983

He was appointed the Treasurer of Australia under the Prime Minister Bob Hawke in 1983, a position he held until 1991

1981

In 1981, he became the President of the New South Wales Labor Party

1980

The Australian economy grew at a fast pace during the 1980s but by the end of the decade the inflation rate had reached 9%

1976

Soon, he was promoted to the post of an opposition spokesman in 1976 and he gained a reputation for being an aggressive debater

1975

He became the Minister for Northern Australia in the Whitlam cabinet in 1975

1969

He came in contact with a number of major politicians of those days and with their help he gained the Labor endorsement for the seat of Blaxland and was elected to the House of Representatives in 1969

1966

He became president of the ALP’s Youth Council in 1966

1958

He was educated at De La Salle College from where he obtained his Intermediate Certificate in 1958

1924

As the 24th Prime Minister of Australia, Keating is credited to have developed better trade relations with neighboring countries; he is also credited to have brought about a higher standard of living in the country by implementing progressive training, employment, deregulation and taxation reforms

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