The South Australian (SA) Government has forecast a budget surplus of $72 million in 2017-18 which is set to increase to $462 million by 2020-21. Net debt is expected to rise from $6.1 billion in 2017-18 to $6.7 billion in 2020-21.
Budget measures announced in the 2017-18 South Australian Budget will deliver positive outcomes for small businesses in the state’s tourism and hospitality sectors, according to peak industry body R&CA.
R&CA CEO John Hart welcomed the South Australian Government’s adjusted payroll tax rates which will ease pressure on small businesses such as cafés and restaurants currently faced with soaring labour costs.
View the full SA Budget Analysis here.
Read R&CA’s media release here.