Federal Budget 2017
There are around 2 million small businesses operating in Australia, employing 4.8 million people, almost 50% of the nation.
Queensland is home to almost 20% of small businesses in Australia, with 406,000 small businesses employing around 43% of the private sector workforce. SME’s also make up 99% of all businesses in Queensland, contributing around $100 billion to Queensland Gross State Product.
With these staggering figures in mind, supporting small business success is critical to maintaining the overall health of Queensland and Australia’s economy.
The 2017-18 Federal Budget represents the perfect opportunity for the Australian Government to introduce measures to kick-start the small business economy in a time of extraordinary transition.
To this end, there are five key priorities that the Chamber of Commerce and Industry Queensland believes the Federal Government must address in the 2017-18 Budget to support small businesses to grow, invest, and employ.