Anthony Albanese answers the election question on everyone's mind - as his ... trends now

Anthony Albanese has dismissed speculation he will call an early election as his government is accused of going on a multimillion dollar advertising spending spree.

The Prime Minister has continued to shrug rumours he will head to the polls early as speculation grows over the timing of the next federal election. 

Mr Albanese has pledged to tackle Australia's cost of living crisis head on before he runs for a second term with inflation high on Labor's agenda.

'We have an election due in 2025 but that's a fair way off. Now we're two thirds of the way through,' he told the Daily Telegraph. 

'We'll be focused on that re-election campaign next year, when we get to it, but our immediate task is to get the job done and to get inflation down.'

Mr Albanese admitted it had been 'tough' to form a Budget that would provide immediate relief for Australians without exacerbating high inflation.

'It's tough to land a Budget in the current economic circumstances,' he said.

'We had to make sure that we produced a second surplus, we were determined to do that so that we put that downward pressure on inflation.

'So there's some targeted measures in there, like increased rent assistance, but that was the focus that we had - that focus on inflation.'

The next election is due in a year if Mr Albanese pursues a full term.  

Queenslanders are due for a state election in October this year, while Western Australians go to the polls in February 2025.

In January, in the wake of the defeat of the Voice referendum, Mr Albanese distanced himself from holding a republic referendum in a second term, if re-elected.

'I committed to one referendum. We held it. It wasn't

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