THE Canberra Business Chamber says, despite the size of the territory’s deficit, it’s pleased to see initiatives in this year’s ACT Budget designed to support the business sector.
“In particular, we welcome the $11.75 million allocated for a new business development strategy,” the chamber says in a post-Budget statement.
“While this strategy will help certain sectors of the business community grow, employ and contribute more strongly to the local economy, we would like to see support for the sector more broadly.
“It is important to continue to diversify the economy and support all parts of the businesses sector because local businesses will provide the basis for the territory’s future economic growth and stability.
“Clearly the size of the territory’s deficit is a concern, but in light of the ACT’s current economic circumstances, the Chamber thinks the ACT government needs to continue strategically investing in productive infrastructure.”
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