Federal Budget 2025-26: Reviving Private Sector Growth
“With the Australian economy in its longest period of low growth since the early 1990s recession, the 2025-26 Federal Budget must make fiscally sustainable choices to restore growth and resilience in the private sector,” said Innes Willox, Chief Executive of the national employer association, the Australian Industry Group.
“Rapid increases in spending by both Commonwealth and state governments have provided Australia an economic lifeline over the last two years. With much of the private sector facing very weak conditions, this stimulus proved critical in staving off the risk of recession.
“However, Australian governments cannot spend our way out of trouble forever. Rising tax burdens and the forecast decade of fiscal deficits ahead are simply unsustainable. It is imperative that the private sector engine of growth is restarted immediately,” Mr Willox said.
The Australian Industry Group has identified five steps which this year’s federal budget should make to help restore growth conditions in Australia’s private sector:
Read the Australian Industry Group’s pre-budget submission here
https://www.aigroup.com.au/news/media-centre/2025/federal-budget-2025-26–we-must-restart-the-private-sector-engine-of-economy/