Budget a win for small business: Carnell

Small business Ombudsman Kate Carnell says giving a tax cut to businesses with up to $10 million in turnover will help fund health and education.

Tax cuts for businesses turning over up to $10 million will fire up Australia's economy, according to the nation's small business ombudsman.

Kate Carnell, a former Liberal chief minister of the ACT, says raising the small business turnover threshold to $10 million will help the government fund health, education and the aged pension.

"The smaller medium businesses are now in the tent and this is where growth is happening in Australia," she told Sky News on Wednesday.