Australia's prime minister may have survived a crucial leadership challenge on Monday, but that doesn't mean he'll remain in power for much longer, experts told CNBC.
"He's a goner…I don't think he'll last the twelve weeks until the critical budget [in May]," said Colin Chapman, founder and editor-in-chief of think-tank Australia and ASEAN Strategies. "He's on borrowed time and I can't see anything he can do in the coming months that can change that."
Monday's spill motion, an internal vote held between all Liberal Party members of parliament (MPs), revealed that 61 MPs voted for Abbott to remain in power, while 39 were against him.
The revolt against the prime minister was first brought up on Friday and followed opinion polls over the previous weekend that showed Abbott's approval rating at a record low of 24 percent. The embattled prime minister's popularity has plummeted since his administration pushed for deep spending cuts in health, education and pension at 2014's federal budget.