The Federal Budget arrived in a climate of significant domestic and international uncertainty. The government had a lot of ground to cover in responding to the ongoing ramifications of the COVID-19 pandemic, unprecedented flooding across multiple states and an escalating war in Europe.
To address these challenging times, the budget has focused on bolstering defence and security, investing in rural infrastructure and health, and introducing a range of measures to combat rising costs of living and environmental degradation.
So what does the budget mean for Australian businesses? IBISWorld’s special report examines the budget’s most significant fiscal initiatives, applying our expert industry knowledge to analyse the effects they will have on Australia’s enterprises and economy.
