Original article by Sarah Ison
The Australian – Page: 6 : 30-Jan-25

The Australian Chamber of Commerce & Industry will call for federal government spending to be capped at 25 per cent of GDP. The ACCI’s pre-election Agenda for Business policy blueprint will also advocate tax reform, the abolition of stamp duty and changing the definition of a small business to 25 employees or less, compared with the current threshold of 15 employees. CEO Andrew McKellar will use a speech on Thursday to argue that rising government spending is pushing up interest rates and adversely affecting productivity. Data released in late 2024 shows that government spending has risen to a record high of almost 28 per cent of GDP.

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AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY