Small businesses disappointed by federal budget offerings for sector

The Labor government released the Federal Budget 2025 on Tuesday, garnering mixed reactions.

A female retail worker is seen at work in Sydney, New South Wales, Wednesday, March 19, 2025. (AAP Image/Bianca De Marchi) NO ARCHIVING Source: AAP / BIANCA DE MARCHI/AAPIMAGE

Key Points

• There are approximately 2.5 million small businesses in Australia, making up over 98% of all companies in the country and providing jobs for more than five million people.
• According to the small business advocacy group COSBOA, small businesses are the heart of Australia’s economy – and the current challenges they face highlight the sector’s growing need for support.
• While the federal budget includes measures for the small business sector, an independent senator believes they are insufficient.

LISTEN TO THE REPORT:

Ilang small business sa Australia, dismayado sa inilatag na Federal Budget 2025 para sa sektor

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