Small business advocates have delivered a mixed response to Prime Minister Julia Gillard’s announcement yesterday of a $12 billion budget shortfall, saying now is a good time to introduce some much-needed tax changes.The Australian Chamber of Commerce and Industry released a harsh response to yesterday’s announcement.
Head of economics and workplace relations Greg Evans said the latest writedown “puts the onus on the government to properly deal with spending”.
“Business is indicating that a major cause of uncertainty is the inability for the government to get its fiscal house in order and to set out a pathway back to surplus.”
“This has become our number one economic priority as without a sustainable budget there is no scope for the major economic reforms required such as delivering a tax system that promotes incentive and enables productivity improvements.”
“Further cuts to tax concessions and revenue can have a detrimental impact on that early boost to confidence.
