Australia could save $60 billion by lengthening elections

A new report suggests that changing Australia's federal election cycle from three years to four could save over $60 billion in the next 20 years. Both Prime Minister Anthony Albanese and Opposition Leader Peter Dutton support this idea, though it may be unpopular with voters. The report from consultancy firm Mandala estimates direct savings of about $4.6 billion, including reduced costs for the Australian Electoral Commission and campaign expenses. Currently, Australia is one of only eight countries with such short election terms. Mandala also highlights potential indirect benefits, estimating nearly $41 billion from reduced business uncertainty and increased government reform opportunities. The report notes that longer terms could help governments implement significant changes without the pressure of frequent elections.