Budget repair must come from spending restraint

01 September, 2017

Chamber of Commerce and Industry CEO Deidre Willmott and Chief Economist Rick Newnham discussed CCI’s call for no new taxes, fees or charges on business in this week’s State Budget when they met with Treasurer Ben Wyatt last week.

“The meeting was very constructive and we look forward to continuing to work closely with the State Government on budget repair and economic recovery,” Willmott said.  

“We shared our views on WA’s economic outlook and it was pleasing to see we have similar views on the state and future of the economy.”

Newnham and Willmott discussed CCI’s recommendations from the peak business body’s pre-budget submission with the Treasurer including:

  • Ensuring there are no new taxes, fees or charges on business so the economy can be given the best fighting chance to recover
  • Ensuring business can continue to create jobs by leaving payroll tax rate unchanged
  • Ensuring WA businesses can gain full, fair and reasonable access to supply chain opportunities without onerous regulations being imposed on contractors
  • Ensuring overall budget repair comes from spending growth restraint rather than tax increases

CCI’s advocacy on GST was also a hot topic of discussion with CCI and the State Government now working closely on solutions to fix the broken GST distribution.

Recent polling commissioned by CCI revealed that between nine and 12 per cent of WA voters would switch their vote between the major federal parties if either announces a significant GST reform policy which delivers a greater share to WA.

Newnham and former treasurer Eric Ripper will unpack the budget at the CCI Post State Budget Breakfast on September 13. Book your tickets here.