Senate debates Questions without Notice

Small Business


Penny Wong

Penny Wong SA, Australian Labor Party, Minister for Foreign Affairs

2:11 pm

Senator, you asked me a question; I'm seeking to answer it. Either we can have a debate or I can answer the question. Compared to 2022, which is, I think, relevant to your question, there are over 265,000 more active small businesses today. I would make the point that we do know that the economic circumstances are difficult, that the environment for both business and wage earners is difficult and that inflation is challenging, for all the reasons that the Treasurer and the finance minister have outlined. We are seeking to do what we are able to do, including in relation to small business. In fact, in the budget, the Treasurer announced some $3.8 billion in new practical measures to assist business.

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